|CMP 402-01: Usage of College Overhead Accounts|
To provide policy on the allowable uses of "College Overhead Accounts"
University Policy - Business Affairs Update, May 1990
Sources of Revenues:
The 30% rebate on recovered overhead
The 5% (up to $1,000) residual funds on fixed price contracts
Summer Session over-attainment monies.
These accounts are not to be used for other miscellaneous revenues.
Expenditures from College Overhead Accounts should be mainly Sponsored Projects related, including:
Expenditures to promote new funding for Sponsored Projects
Cost overruns on Sponsored Projects accounts
Disallowed costs on Sponsored Projects
Matching Funds required for Sponsored Projects
Another allowable use of these funds is for faculty development
For additional information, please contact the office of Sponsored Projects Services.
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