COST CENTER PROFILE DOCUMENT OVERVIEW
A cost center
is typically an organizational unit which works to fulfill
specific program goals. The cost center is also
the lowest accounting level to which a revenue is credited
or expenditure is charged. After revenue or expenditures
are recorded against a cost center they are then 'rolled
up' the organization, program and project tables for responsibility
reporting purposes. In addition to pointing to the
roll-up table attributes, cost centers point to the appropriations
an segregations to be charged with the expenditures.
Center Profile Document provides the information needed
to record these authorized actions:
- the establishment of a new cost
- a change to an existing cost center.
- the deletion of an existing cost
COST CENTER PROFILE DOCUMENT FLOW
Profile Documents are completed and batched by the agencies.
The are sent to DOB for review and approval. DOB
sends the batch to OSC for log-in and data entry.
The signed Cost Center Profile Document is the authorization
for OSC action.
At the end
of each year, the system creates batches of cost center
profile records which existed during the previous year.
This eliminates the need to complete Cost Center Profile
Documents for those cost centers which existed during
the previous year and would be established during the
new fiscal year based on the new year appropriations and
segregations. (See Cost Center Profile Year End