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How are service (66-XXX-XX) accounts established, and what is their purpose?


Service accounts are enterprises established to provide services or goods primarily to other university departments. Common examples are Physical Facilities, Mail Services, and Maxi Duplicating. As a general rule the rates charged for these services or products are limited to recovering no more than actual costs incurred to produce the service or product, including depreciation expense on depreciable equipment used in the process. All costs must be documented, and the rate calculation must be submitted to the university cost accountant as requested.

It is generally recommended that departments contact their immediate business office before establishing new accounts. Your campus chart manager may also be contacted for questions or assistance (see below). Joan Hagen in FMS may also be contacted with questions at (812)855-3657.

Document Information:
Filename: kb-194
Time: Date: 09/19/2007
User: pjtaylor


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