Recharge and Service Center Activity
Associate Vice President
and University Controller,
Office of the Controller
A recharge/service center activity is an activity that furnishes goods or services to another Indiana University department for the convenience of the university and charges a fee directly related to, and not more than the allowable cost to provide the goods or services.
Recharge Standard Operating Procedures (RSOP) will be issued when necessary by the Chief Accountant or University Controller to facilitate the implementation of the requirements of this policy.
All recharge/service center activity must meet the following compliance criteria:
Exceptions to this policy require the approval of the Chief Accountant or University Controller.
Allocable Costs: Costs that can be assigned or charged to a federally sponsored project or other cost objective on the basis of benefits received or other such equitable or logical association.
Allowable Expenses: Costs that may be recovered in the recharge billing rate as defined by the guidelines of the sponsoring agency and in accordance to OMB Uniform Guidance and related federal cost accounting standards. Please refer to RSOP #6: Allowable/Unallowable Expenses for Recharge Centers for more details.
Depreciation: The method for allocating the cost of capital assets to periods benefiting from asset use. The method used must be in accordance with Generally Accepted Accounting Principles (GAAP.)
Renewal and Replacement (92) Account: Accounts used to set aside funds for replacement of renewable property (typically capital assets or desktop computers).
|University Cost Accounting||John Sparks, Sr.||email@example.com|
|Director, Auxiliary Accounting||Jennifer Georgefirstname.lastname@example.org|
|Chief Accountant||Anna Jensenemail@example.com|
This policy replaces or updates policies I-370, I-400 and I-410.
The source to this policy is:
Cost Accounting Standards (CAS) 9905.501, Consistency in estimating, accumulating and reporting costs by educational institution, CAS 9905.502, Consistency in allocating costs incurred for the same purpose by educational institutions, CAS 9905.506 Cost accounting period --Educational institutions, and Chief Accountant