Indirect Costs

Corresponding Policy: See ‘Designated Operating Funds’ policy
Corresponding Forms: N/A
Process: Recording of Indirect cost

1. Indirect costs charged to designated operating funds will be recorded in each applicable designated operating fund that rolls up to the following baseline roll-up funds:

050000	Designated Operating Funds
050001	Continuing Education (non-credit)
055000	Other Instructional Opns
057000	Public/Community Service Opns

2. Use the following account codes to record indirect cost charges in the designated operating funds:

Account Code

28201 - Administrative and Support Service Charge

28204 - General Administration Overhead Charge

70003 - Designated Operating Funds Administrative Costs

3. Indirect cost charges will be recorded in the designated operating funds at least quarterly.

4. Recovery of the indirect cost charge will be credited to a fund type 11 - budgeted operations fund.

5. Recovery of the indirect cost charges will be credited to fund type 11 - budgeted operations using the following account code:

Account Code

79390 - Admin Service Reimbursement

University Financial Services Support

Indirect Costs

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