Account Types
19-Accounts
29-Accounts
Admin Fee Assessment
Includes an Admin Service Charge
Business Owner
Budget Office
Business Rule
19-Accounts and 29-Accounts that will generate revenue and have not been granted an exemption by the Budget Office should be coded with ASC001. Accounts that will be funded by a ASC001 Account should be coded with ASC001. These are typically Sales & Services Accounts (Report Code Field 1 starts with SNS).
Definition
A rate of 5 percent will be assessed on all qualifying expenses of 19-Accounts (Designated Funds) and 29-Accounts (Auxiliary Funds) that generate external income or receive other external (non-UT Austin account) funding. The charge will also be assessed on accounts that are funded 100 percent via transfer from an account that is assessed the charge. Transfers will not be allowed from accounts that are assessed the charge (Report Code 3: ASC001) to those that are not assessed the charge (Report Code 3: ASCEX… or NOTASC).
Report Code
ASC001
Report Code Definition Type
Report Code
Report Code Group
Field 3
Sort Key
30001
Updater
Financial Accounting & Reporting (FAR)