The President's Cabinet has approved the revision of the following University policy for inclusion in the Executive Policy Manual:

Policy for Allocating Facilities and Administrative Cost Recovery Revenue EP2

The Cabinet has changed the name of this policy from Policy for Allocating Indirect Cost Recovery Revenue.

The President's Cabinet has updated the policy for allocating facilities and administrative (F&A) cost recovery revenue to show that the allocation to libraries has increased from 1.5 percent to 7 percent of gross F&A revenue collections.

A diagram showing how F&A revenue is allocated has been added to the policy statement.