Exclusions & Exceptions

The University Financial Model applies only to the Academic Division (ageny 207) and only to operating funds (not capital funds).  At this time, activity centers with pre-exiting financial arrangements (Darden School, Law School, athletics, and certain auxiliaries) are included in the UFM for data purposes, but operationally prior arrangements remain in place and active.  All taxes and G&A recoveries from these centers, as well as from the Medical Center and the University Physicians Group, are used to offset a portion of service center net expenses.