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Business and Financial Policies and Procedures

Section 22 - Self-Supporting/Revenue Generating Activities


For additional policies that apply to self-supporting operations, consult Section 13: Accounting
 

Establishing Self-Supporting Activities

Determine the Need for a Self-Supporting Fund
Request Approval for Self-Supporting Activities

Monitoring a Self-Supporting Fund

Establish and Monitor Rates for Goods and Services Sold to Customers
Monitor a Self-Supporting Fund
Identify and Correct Rogue (Misclassified) C-FOAPAL Transactions
Reconcile General Ledger (GL) and Operating Ledger (OL) Balances
Reconcile Operating Ledger Transactions to Source Documents
Reconcile Encumbrance Balances
Address a Self-Supporting Fund Deficit
Address a Self-Supporting Fund Surplus
Avoid a Build-Up of Excess Cash Balances

Managing Merchandise Inventory

Request an Exemption from Using a Perpetual Inventory System
Assess Your Merchandise Inventory Management Practices
Conduct a Physical Inventory to Adjust Your Merchandise Inventory Record

Reporting Requirements

Report on Self-Supporting Activities in the Year-End Fact Sheet
Report Unrelated Business Income (UBI)
Collect and Report Sales and Use Tax

Unique Self-Supporting Requirements

Account for Study Abroad and Unique Instructional Activities
Charge Self-Supporting Goods and Services to Sponsored Project Funds

In this section, but not yet redesigned:

Section 22.1 Contracts for Revenue Generating Activities 
Section 22.2 Departmental Administrative Support Assessed on Self-Supporting Funds
Section 22.4 Storerooms and Service Facilities

Section 22.4.1 Chicago Stores and Services Activities (University of Illinois at Chicago Supplement)
Section 22.4.2 Urbana-Champaign Services Activities (University of Illinois at Urbana-Champaign Supplement)

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