Finance and Budget

Finance and Budget

Policies by Topic - Finance and Budget

TitleExcerpt
School and Department CommitmentsMany schools make commitments with their chairs or department/division directors which are incorporated in the operating budget.Finance and BudgetFaculty, Staff10/5/200510/5/2005
Recharge CentersUSC schools, academic departments and other university divisions (units) may establish a recharge center (RC) to provide goods and/or services to university activities, programs and organizations.Finance and BudgetFaculty, Staff9/15/20119/15/2011
Indirect Cost RateWhen conducting sponsored projects, USC is required to apply the appropriate Facilities and Administrative (“F&A”) rate (also referred to as the “Indirect Cost Rate”) to the appropriate direct cost base for each project.Finance and BudgetFaculty, Staff4/23/20204/23/2020
Cost-SharingThe sponsor’s award document normally includes the form and the amount of the cost-sharing commitment or it may reference the proposal submitted to the funding agency.Finance and BudgetFaculty, Staff, Students5/1/19975/1/1997
Borrowing and Lending FundsThis policy outlines the rules required for the borrowing or lending of funds by any school or department within the university.Finance and BudgetFaculty, Staff10/5/200510/5/2005
Bank AccountsNo individual, school, department, institute, center, subunit, group or organization associated with or affiliated with the university (including associated alumni or student organization) is authorized to open a commercial or retail bank account in or using the university’s name, identification or tax information. Finance and BudgetFaculty, Staff6/25/20186/25/2018