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Cost Center List
The 1074 Verification Worksheet now
has a “Cost Center List” sheet that
lists all of the cost centers
included in the report. In addition
to listing the cost centers, this
sheet includes the following: - Cost Center Manager
- Cost Center Status (active or
inactive)
- Whether the cost center had
activity during the reporting
period. The Has Activity column is
“true” if one or more entries for
that cost center appear in the
Asset/Liability/Fund Equity,
Revenue/Expense, Budget Journals,
Open Commitments, and/or Soft
Commitments sheet. If there was no
activity, the column is “false.”
- Project End Date for project cost
centers
Departments can use this
information in the following
ways:
Identify active cost centers that
do not have a Cost Center Manager or
where the Cost Center Manager needs
to be changed.
- Use the
Cost Center Manager Change Form, which allows for changes to multiple cost centers, to add/change Cost Center Managers on non-grant cost centers:
- Contact Beverly Rymer at
brymer@central.uh.edu to add/change the Cost Center Manager on grant cost centers.
Identify active cost centers
without activity that may need
to be closed. Cost centers may
be closed when no additional
activity is expected and they
have zero balances for assets,
liabilities, and fund equity
(check the Balance Sheet), zero
open and soft commitments, and
zero original (base) budget.
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