Indirect costs represent that portion of a grant or contract which is considered reimbursement to the University for general overhead items of an operating nature, such as utilities or general administrative services. Recoveries are available for unrestricted current operating purposes.

Administrative expenses represents the reimbursement to the University of up to 5% of Federal financial aid disbursements for administration of the financial aid program. Recoveries are available for unrestricted current operating purposes.

Indirect cost - (TCC 750) - Should be used to record the amount of indirect costs recovered in the applicable grant or contract fund (fund range 4000 - 5599). At NDSU, the grants and contracts office records all entries with this TCC.

Administrative expense - (TCC 751 & 752) - Should be used to record the amount of administrative costs recovered from the Federal loan programs (e.g. NDSL/Perkins loan). At NDSU, the Financial Aids Office prepares the entries with these TCCs.