Examples of Recovered Costs in a sentence
Recovered Costs are reported as an object for comparative reporting.
Recovered Costs are those amounts received by a local government from other governmental entities for services the other locality provides them (e.g., payment by the state for housing state prisoners).
Therefore, an object class for Recovered Costs has not been provided in the following objects as they are structured for use in day to day accounting.
For budgeting and accounting purposes, these items are typically recorded as revenues under Revenue from Local Sources - Recovered Costs (account 31902XX).
Nothing set forth in this Master Schedule of Fees, Charges, Penalties and Recovered Costs shall limit or restrict the District’s authority or ability to utilize any other penalty or remedy available to it at law.