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
Office of the President
Office of the Provost & Academic Affairs
Office of Finance & Administration
Office of Institutional Advancement
Overhead from Grants & Contracts
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:
Federal Flow Through
Federal Flow Through-Non-TX State
State Flow Through
State Flow Through-Non-TX State
Accounts Indirect Cost Recoveries will be receipted as noted above.
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.