Finance and Budget

Policies by Topic - Finance and Budget

Title	Excerpt	Category	Audience	Policy Issued	Last Revised
School and Department Commitments	Many schools make commitments with their chairs or department/division directors which are incorporated in the operating budget.	Finance and Budget	Faculty, Staff	10/5/2005	11/21/2024
Recharge Centers	USC 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.	All Policy Topics, Finance and Budget, Research	Faculty, research, Staff	9/15/2011	2/15/2023
Indirect Cost Rate	When 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.	All Policy Topics, Finance and Budget, Research	Faculty, research, Staff	4/23/2020	11/15/2024
Cost-Sharing	The 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.	All Policy Topics, Finance and Budget, Research	Faculty, research, Staff, Students	5/1/1997	11/15/2024
Borrowing and Lending Funds	This policy outlines the rules required for the borrowing or lending of funds by any school or department within the university.	Finance and Budget	Faculty, Staff	10/5/2005	12/5/2023
Bank Accounts	No 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 Budget	Faculty, Staff	6/25/2018	6/25/2018