8757 ACCOUNTING FOR DIRECT AND INDIRECT COSTS
(Revised and Renumbered from 8753.3 6/85)
Departments will account for reimbursements, including receipts from the federal government, according to the following cost categories:
Direct costs;
Departmental indirect costs; and
Central service costs.
Accountability by these cost categories encourages full cost recoveries including a fair share of central service costs.
Departments will establish subsidiary accounts for:
Direct cost recoveries
Departmental Indirect cost recoveries
Central service cost recoveries
These accounts will be subsidiary to Account Number 8020–Federal Grants and Contracts, or Account Number 8100–Reimbursements, depending on the fund in which these monies are accounted.
