Core Administrators Network Coordinating Committee (CAN-CC)

 View Only

  • 1.  Allocating External Funds

    Posted 13 days ago
    Hi everyone! I won’t be able to attend the call today. I did have a question though. How does everyone handle the money that comes in from commercial customers? By that, I mean, we have to add on to our normal fees that commercial surcharge (for lack of a better word). And that money just goes into our service center account, especially when using iLab. Do your institutions take that money and put it into an institutional account? Can the core put that into a discretionary account? Or does it just stay in the core account? What is best practice here? I’m asking because (at least in my mind), it seems like those “extra” dollars shouldn’t have the same restrictions on them that grant dollars would have, but if the money is in our core account, then our institution puts the restrictions on it anyway.



    Thanks for any insights you can provide!


  • 2.  RE: Allocating External Funds

    Posted 13 days ago

    Hi Roxann! At Montana State University we do treat those external dollars separate from the internal recharge. We call this money "fees in excess of the base rate" or FIEBR, and they are added to a separate external business account and can be used for things such as replacing capital equipment, staff professional development, marketing, or subsidizing the internal rates. This has been extremely helpful for our cores! 



    ------------------------------
    Mary Gauvin
    RED Service Centers Director - Core Facilities
    Montana State University
    Bozeman MT
    ------------------------------



  • 3.  RE: Allocating External Funds

    Posted 13 days ago
    Thank you!!

    ---------------------------------
    Roxann Ashworth
    Laboratory Director
    Johns Hopkins University
    Baltimore MD
    ---------------------------------



    Original Message


  • 4.  RE: Allocating External Funds

    Posted 13 days ago
    So do you collect them in the core account and transfer them out or do they get added to the invoice as a separate line item and go directly to that separate account?

    ---------------------------------
    Roxann Ashworth
    Laboratory Director
    Johns Hopkins University
    Baltimore MD
    ---------------------------------



    Original Message


Related Content