Service Revenue Contracts

Budget guidance and contract requirements for service revenue contracts which are needed when the university generates income or receives consideration other than payment of money.

Budget

With guidance from Financial Management, service centers must first calculate the costs to provide the service based on allowable rate components. To get started, email the Cost Accounting Team.

Email the Cost Accounting Team

Contract Requirements

If the university generates income or receives consideration other than payment of money, a revenue contract is required. A university member may not sign or otherwise execute a procurement contract binding the university unless they are delegated a signature authority in accordance with the Approval Authority Policy.

Procedural Guidance

Service Centers approved to collect funds through State Income Fund Reimbursable (IFR) Accounts can request Service Center Agreements via ShopBlue. State revenue contracts valued at $25,000 or more require the pre-approval of the Attorney General and the Office of State Comptroller. Contact Purchasing and Contract Services no less than sixty (60) days prior to generating income or receiving other consideration to confirm contract and insurance requirements.

Service Centers approved to collect funds through Research Foundation Service and Facility Accounts can request Service Center Agreements via Click.

No member of the university may sign or otherwise execute a procurement contract binding the university unless they are a delegated signature authority.

Approval Authority Policy