What are Local and Institute Overhead (OH) rates and how will they be applied in CAMS?
Local OH comprises Division and Laboratory OH. Division OH cost centers/projects accumulate a divisionsamortization charges from invested equipment purchases. Laboratory OH cost centers/projects accumulate the cost of developing, managing, and coordinating the overall program of the Laboratory. Institute OH accumulates cost of: • Executive Management and Planning, • General administration and staff services, • Operation and maintenance of facilities, • Technical support, and • Activities where operating efficiency, practicality, or equality are gained by centralizing the activity. The Core Financial Systems (CFS) Cost Allocation module will be used to apply Local and Institute Overhead rates. Using a rate applied to labor and benefits, the CAMS Cost Allocation Module will be able to provide NIST with overhead applications based on Organization Code. NIST Operating Units (OUs) no longer need to transfer funds between themselves in order to manage their labor base. OUs can allow other OU
