Page 2.

Contract Services (Cont'd. )

REGULATIONS (Cont'd. )

4.

1).

Where there is no existing department, the contract
will be assigned to a department by following the
procedure for allocation of new programs for which
there is no existing departmental base.

Contracts for services must cover all direct and
indirect costs to the College, plus an excess of
revenue over expenditure of normally 25%.

Any excess of revenue over expenditure will be
allocated on the basis of:

(a) one-half to the department having
responsibility for the contract,
to develop further contracts or
for departmental needs;

(b) one-half to a specific account to
offset contract deficits, if any,
and to provide a College fund for
development or activities mandated
under the College Philosophy and
not normally included in the College
operating budget.

Allocation from the College-wide account will be
made by a committee of the Bursar and Deans.

Where more than one department is involved, the
allocation of any excess of revenue over expendi-
ture will be agreed to prior to the finalization
of the contract.

Transfer of any excess of revenue over expenditure
to accounts specified in item 6 will take place
once the contract and all accounting procedures
have been completed.

Direct and indirect costs will normally include:

(a) instruction and directly attributable
contractual obligations, such as
fringe benefits and professional
development costs, where applicable;

(b) operational costs such as supplies,
materials, travel, text books, lease
costs, maintenance, etc.

(c) College services costs such as printing,
postage, space rental, including clean-
ing, library, audio visual services,
student services and administration.