Does your unit manage any administrative allowance C-FOPs? If so, see below for some helpful tips and resources that can help you properly manage these C-FOPs in compliance with the applicable policies and procedures:
- Administrative allowance funds (which reside in fund type 2A and within the 200200 – 200210 fund code range) are funds that account for financial resources generated from overhead assessments charged primarily to self-supporting, service plan, loan, or certain types of grant funds.
- These administrative allowance assessments help fund the University of Illinois System’s overhead costs, as well as the administrative services provided by personnel within departments, the universities, and the System Office.
- While some of these assessments are optional (such as those at the department-level), others are required (such as those at the university and System Office level).
- Since the daily operations taking place within the assessed funds utilize system overhead and administrative services, these assessments can help recover an applicable amount of these costs (as opposed to directly charging the assessed funds for the actual expenses).
- The applicable administrative allowance fund is then able to utilize the revenue from these assessments for the various administrative and indirect costs that the assessed funds are benefiting from, such as utilities, building maintenance, building operations, infrastructure support costs, and administrative support staff.
- For further details, refer to the applicable policy & resource webpages in the links below:
Contact
If you have additional questions on this topic, reach out to the applicable UAFR subject matter experts. You can find them by searching for “2A” in the Business & Finance Who to Ask list.
