Mad Hatter Page 6

4.

of:

REGULATIONS (Cont'd)

departments in establishing the specifics of such items as ‘required.
The Bursar's office will be consulted on financial and personnel
matters during the ‘development of contract proposals.
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! 4aditact costs to
the College, plus an excess of revenue over expenditure of normally
252.

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

(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

finalization of the contract. .