Allocations refers to the mechanism that distributes charges over a range of cost objects based on specific criteria. The list below includes the major allocations processed by Accounting along with their frequency.
Annual Allocations
Quarterly Allocations
Spring and Fall Allocations
Annual Allocations
Auxiliary Overhead
The Auxiliary Overhead allocation is an annual charge for administrative services to units that generate all or some of their revenues from external sales and services. This assessment ensures that the costs of operating the University are borne by both state and auxiliary resources. The rate charged is currently 5% of calendar year revenues and is posted in January. For more information on this allocation, please contact Brenda Ladd via email or at 472-5278.
Self Insurance
Self Insurance is for general and professional liability. The annual premium is distributed based on original budget for cost centers. Equipment and scholarships are excluded from the calculation. Self Insurance is posted in December. For more information on this allocation, please contact Diane Ciecior via email or at 472-2705.
Building & Contents Insurance
Building and Content (Property) Insurance is for replacement coverage of property. The annual premium is distributed based on building valuations updated annually by Facilities Management and equipment maintained in the SAP Fixed Asset System. Building and Content insurance is posted in December. For more information on this allocation, please contact Diane Ciecior via email or at 472-2705.
