Although these products require little handling, they do have the overhead cost percentage incorporated into the selling price. Back to questions 2. Overhead costs are expenses incurred when running a business. Cleaning Products China, Glassware, and Silverware Costs Paper costs Refuse and recycling Equipment replacement and repairs Back to questions 3. One of the most confusing concepts surrounding CAS is the terminology which describes the Corporation.
Many individuals mistake that and say it is a non-profit organization.
CAS on the other hand is a service organization similar to the YMCA or organizations such as the Smithsonian Institute in which revenues are not from contributions but from business ventures. CAS must be totally self-supporting and must comply with the guidelines issued by the State University of New York. These guidelines call for CAS to be a healthy business with adequate financial resources to protect the operation of the corporation in times of need, which means that funds need to be set aside for emergencies and routine replacement of equipment. Therefore, every budget submitted by the corporation to SUNY Central must show a profit or revenues exceeding expenses. If this was not the case, the budget would be rejected by SUNY Central.