Academic Responsibility Centers and Auxiliary Operations
Auxiliary operations and other RCM responsibility centers are the major revenue centers of the university. These operations must achieve balance between direct and indirect expenses on one hand and revenues on the other. At the end of a fiscal year, to the extent there is a difference between the unit’s total unrestricted revenues and total unrestricted expenditures, that balance (positive or negative) will result in budget carryover or adjustment to the unit’s reserve account(s). Restricted and sponsored program account balances at fiscal year end will carry over in accordance with rules applicable to those accounts, including any limitations imposed by sponsors.
Links to Procedures and Related Information
Date: July 2006