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Business and Financial Policies and Procedures

Reviews & Approvals

It is the service center managers’ responsibility to ensure rate calculations are performed and rates published. Federal and University of Illinois System policies indicate that the department must perform a formal rate calculation at least once every two years. In addition, rates must be performed in a compliant manner and supporting documentation must be maintained on-file by the department and made available for review upon request by university administrators, as well as system, state, and federal auditors.

On an annual basis the System Government Costing identifies select service funds for rate reviews and approvals. This selection process does not exempt a service center manager from their responsibilities as outlined above.

Last Updated: May 15, 2019

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