UAMS ADMINISTRATIVE GUIDE
|AREA:||RESTRICTED FUNDS ACCOUNTING|
|SUBJECT:||FINANCIAL MANAGEMENT OF SERVICE CENTERS|
The purpose of this policy is to make University of Arkansas for Medical Science departments aware of the information required for service/recharge centers to charge expenses to restricted funds.
UAMS defines, identifies, and manages those areas where fees for services are charged by a service area or department of the University, to another department of the University. When a department assesses “fees” for services, products, or procedures, they are a service/recharge center as defined by University standards. Service centers must provide a copy of the billing rate computations and billing policy to the Grants and Cost Accounting Office each time the billing rate or policy is amended. These rate computations and billing policies will be reviewed to ensure that any expenses recorded on restricted funds are in accordance with federal policies regarding allowable expenses. Issues to be considered in billing policies include: