Deficit

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Stanford: A deficit occurs when the service center’s expenses exceed revenue. To the extent that the deficit is WITHIN the 5% or 15% break-even range, that deficit must be carried forward and the budget/rate(s) adjusted in the following period. Deficits beyond the 5% or 15% break even range must be funded by another non-federal and non-restricted source and transferred into the service center account or all users must be charged a pro-rated amount of the entire deficit based on their annual usage.

PVAMU: The result of expenditures exceeding the project funds available.

PSU: Expenditures exceed funds available.

Spo: Expenditures exceed funds available.

BSU: Direct costs incurred and charged to a sponsored project in excess of the awarded amount.