EducationHigher EducationPublic BudgetingBudgetary InstitutionsBudgetingHigher Education FinanceBudget AnalysisBudget ManagementEducation BudgetingHigher Education FinancingInstitutional BudgetingOverhead Cost ManagementBudgetary Overhead ControlFixed Administrative CostsOverhead BudgetingTuition Fee CapsUniversity BudgetingUniversity FinanceUniversity Funding PolicyVariable Administrative Costs
On October 3 the Office of Management and Budget released final regulations on college and university administrative costs that can be charged against federal grants and contracts. A number of expenses were disallowed and all administrative costs were capped at 26%. Earlier this year Richard Darman, director of the Office of Management and Budget, announced his intention to “stop the abuse” in university reimbursements. Almost 300 replies were received in response to the earlier set of proposals on the matter.