Allocating Costs to Internal and External Activities

This section of the book is dedicated to providing policies, standards, and resources for recharge and service centers on the proper allocation of costs to internal and external activities.

Image of a sculpture on site at IU Northwest.
Image of a sculpture on site at IU Northwest.

When billing other university accounts, recharge or service centers can only recover allowable costs. In situations where the activity of a recharge or service center is intertwined with external activity, a thorough analysis and allocation of total costs between internal and external accounts must be conducted. It is crucial to understand the importance of separating internal and external activities. By maintaining this separation, IU ensures compliance with regulations and guidance, such as Uniform Guidance. Additionally, funding for allowable direct costs associated with internal activities should be fully covered by the recharge or service account, promoting transparency and accountability in financial management. This understanding is essential to upholding financial integrity and compliance standards.

Policies

Review the below policy related to allocating costs to internal and external activities:

Standards

Review the below standard related to allocating costs to internal and external activities:

Students make their way to and from class at IU Bloomington.
Students make their way to and from class at IU Bloomington.

Checklists

There are no checklists related to this portion of the book at this time. Please check back in the future!

TRAINING MATERIALS

Review the below training materials related to allocating costs to internal and external activities:

Image of the IU Indianapolis Campus Center.
Image of the IU Indianapolis Campus Center.

OTHER RELATED MATERIALS

Review the below other material related to allocating costs to internal and external activities:

IU Financial system reports and procedures

Globe statue outside at Indiana University Columbus.
Globe statue outside at Indiana University Columbus.

There are no IU financial system reports and procedures related to this portion of the book at this time. Please check back in the future!

 

License

Recharge and Service Center Units Copyright © by The Trustees of Indiana University. All Rights Reserved.