Administrative Overhead definition
Administrative Overhead means any dollar that is not spent directly on services for children or on preparing and evaluating services for children. This is the cost of operating administrative functions within the Hub and its subcontractors and may include staff duties such as payroll processing and data entry and non-program related costs including space, supplies and phones.
Administrative Overhead means the expenses incurred by the Company for the general management and administration of Corporate Social Responsibility functions of the Company but shall not include the expenses directly incurred for the designing, implementation, monitoring and evaluation of a particular corporate social responsibility Project or programme.
Administrative Overhead means the charge made to the Joint Account pursuant to Article 2.2, which charge shall be in lieu of and shall be deemed to cover all indirect costs incurred by the Operator in respect of Joint Operations which are not otherwise provided for in the Operating Agreement or this Accounting Procedure.
Examples of Administrative Overhead in a sentence
Operation and Maintenance costs will be billed to the Solids Participants on a quarterly basis based on the actual expenses incurred plus the Administrative Overhead as outlined below.
More Definitions of Administrative Overhead
Administrative Overhead means general and administrative expenses relating to the Assets as set out in the Operating Statements, but which amount shall not exceed $1,250 per month;
Administrative Overhead. Agency administrative overhead rate is 14% which includes accounting, payroll, accounts payable, human resources, data system management, purchasing, executive director, and receptionist. The rate is based upon the actual cost of providing these services and is allocated to all grants and programs based upon program expenses. The calculation of this rate is reviewed during the annual agency audit. The RFP limits the administrative cost to 10% so the administrative overhead cost is calculated at $24,000 ($240,000 x 10%). The shortfall in overhead costs will be offset with fundraising dollars. In order to conduct business with the County of Fresno (hereinafter referred to as “County”), members of a contractor’s board of directors (hereinafter referred to as “County Contractor”), must disclose any self-dealing transactions that they are a party to while providing goods, performing services, or both for the County. A self-dealing transaction is defined below: