Published on Finance Division (https://www.finance.admin.cam.ac.uk)

Home > Policy & Procedures > Financial Procedures > Chapter 14 - Accounting for donations and grants > Spending against donation accounts > Overheads charged to donation accounts

Overheads charged to donation accounts

Since 1 August 2003, overheads, calculated as a percentage of salary costs, have been charged on donation accounts and special funds. The policy aims to ensure that a contribution is made towards the infrastructure costs of activities funded from donations and other accounts.

Overhead charges are calculated and processed on a monthly basis by the Finance Division. The charges are made on the account using transaction code EYZC in the appropriate cost centre and source of funds. The rate is 30% and is applied to the year-to-date total of pay costs (transaction codes beginning A to D).

Exceptions are assessed on a case-by-case basis. Where a department considers that a particular activity should constitute an exception to the policy, then the case should be submitted to their School Finance Manager, or in the case of the non-school institutions the Pro- VC.


Source URL:https://www.finance.admin.cam.ac.uk/policy-and-procedures/financial-procedures/chapter-14-accounting-donations-and-grants/spending-2