What is excess external revenue and why must I keep a log for the collection of external revenue?
Excess external revenue is anything that is charged above the approved external rate. The excess external revenue may be kept by the department and used at the department’s discretion. The account director is responsible for maintaining logs, which identify the amount of external revenue collected. During the rate review process the logs are used to identify the amount of excess external revenue, which may be contained in the account balance. This is also an audit requirement.
