Background

The administrative services overhead charge is intended to provide for an equitable distribution of certain central administration costs to areas of the campus that are separately funded or self-supporting.  It allows the university to recover part of the cost of providing institution-wide support services.

What types of costs are being recovered through the administrative overhead charge?

The central departments whose costs are being recovered include departments in the President's Office and the Vice President for Finance and Operations (examples:  accounting, treasury operations, billing, human resources, purchasing, university relations, public, safety, etc.).

How is the charge calculated?

The administrative overhead charge is increased every year using CPI for all items in Midwest urban, all urban consumers, not seasonally adjusted through December of the previously completed year.  This rate is publicly available each year in mid-January, making the ASO information available by March.  The growth rate is capped at 5% for any year.

How will I recognize the administrative overhead fee on my TDR (Transaction Detail Report)?

The journal description is UNIV ADMIN SERV.

Questions?  Contact Ted Welter at (319) 353-2027 or ted-welter@uiowa.edu