Revenue (operating revenue only - FUND 200) is attributed to the Faculty or Unit that generates it using the same formula or simplified version through which the institution receives it. What cannot be attributed is allocated to the General University Fund (e.g. interest income).
Once attributed, Faculties contribute to the University Fund for strategic initiatives, contingency funds and tailored Faculty support and pay into shared service costs (e.g. Library, HR, Finance etc.) based on agreed upon cost drivers. An adjustment is also made for inter-Faculty teaching to create the net operating budget.