It is intended that this general design will be reviewed by functional offices so that they can provide clarification where needed and understand and approve the design. Generally speaking, an overhead base is defined in terms of the types or categories of direct costs upon which the overhead is to be calculated. A particular overhead base may apply to any number of fund sources, depending upon the similarities among the terms under which those various funds were received. New bases may be defined from time to time, depending upon the terms under which new fund numbers are made available. The overhead rate An overhead rate may be specific to a given fund number or it may be shared by a number of fund numbers.
Overhead rates change on specific effective dates.
The effective date of a given rate may vary from one fund number to another. A single overhead rate is effective throughout a single posting period for a given fund number. The allocation of overhead Allocation is to be made in the same financial period as the posting of the direct costs upon which the allocation is based. Automated overhead entries will be charged using a Natural Class Account of 490030 . Revenues recorded against revenue NCAs in the Sales and Service Funds group are subject to overhead.