Authorization
| • |
Submit rates to Management
Accounting and Analysis whenever the rate calculation methodology
changes significantly. |
| • |
Submit rates to the Dean’s Office for
review and approval. |
Documentation
| • |
Develop written policies and
procedures. It should include the department’s pricing policies and
methodology for computing rates. |
| • |
Identify all costs. If applicable, develop
a cost recovery strategy that keeps the rates affordable and identifies
sources of funding for all costs. |
Reconciliation/Review
| • |
Perform a comparison of all
identifiable rechargeable costs and recoveries on an annual basis.
Projections and rate calculations should be adjusted if significant
discrepancies are noted.
|
Reference
Management
Accounting & Analysis – Recharge and Cost Center Rate Policy
