Texas A&M International University

The Indirect Cost is recovered from certain grants and contracts. Our University's Policy is to distribute those monies as follows:

Grant Initiator or Academic Area	Various Accounts	17.50%
Office of the President	210000	10.00%
Office of the Provost & Academic Affairs	210020	7.50%
Office of Finance & Administration	210007	7.50%
Office of Institutional Advancement	210036	7.50%
Overhead from Grants & Contracts	100044	50.00%
	Total	100.00%

The Office of Budget, Payroll, Grants and Contracts will create a Departmental Requisition and route to Comptroller's. The Departmental Requisition will note the following:

Account name and project dates of Grant or Contract

Actual Calculation of Indirect Cost Earned

Account number and appropriate expense codes for the voucher are:

9610	Indirect Cost	Federal
9615	Indirect Cost	Federal Flow Through
9617	Indirect Cost	Federal Flow Through-Non-TX State
9620	Indirect Cost	State
9622	Indirect Cost	State Flow Through
9623	Indirect Cost	State Flow Through-Non-TX State
9625	Indirect Cost	Local
9630	Indirect Cost	Private
9635	Indirect Cost	Foreign

Actual Accounts Indirect Cost Recoveries will be receipted as noted above.

The Comptroller's Office will approve the departmental requisition and will then route it to the Accounts Payable Department.

The Accounts Payable Department will create the check requested. The check will be sent to the Cashiers to receipt as per instructions stated on the requisition.

Cashiering Area will receipt and route the original copy of receipt to the Office of Budget, Payroll, Grants and Contracts. A copy of the receipt will be routed to Accounts Payable who will attach the copy to the requisition.