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
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 about this allocation, please contact Mitch Kaup via email or at 472-5613.
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 about this allocation, please contact Mitch Kaup via email or at 472-5613.