FULL COST RECOVERY - ACCOUNTING FOR COSTS - 9212

(Revised and renumbered from 8757)

Agencies/departments will account for reimbursements, including receipts from the federal government, according to the following cost categories:

• Direct Costs
• Departmental Indirect Costs
• Central Service Costs

Accountability by these cost categories encourages full cost recoveries, including a fair share of central service costs.

Agencies/departments will establish subsidiary accounts for:

• Direct Cost Recoveries
• Departmental Indirect Cost Recoveries
• Central Service Cost Recoveries

These accounts will be subsidiary to Federal Grants and Contracts, or Reimbursements, depending on the fund in which these monies are accounted.