Administrative Overhead Assessment
Administrative Overhead is assessed on self supporting entities to cover a portion of the cost of central administrative services used by the programs.
It is assessed to each account on revenue collected excluding Voluntary Transfers In. It is applied each quarter on revenue collected for the prior quarter, except for the last quarter of the year which is applied in June for April and May. Revenue that posts in June is assessed with the first quarter of the following fiscal year.
The expense posts to Ledger Account 8120: Transfer Out - Administrative Expenses Assessment
Current Rate: 3.5%