Division of Financial Services
Accounting
An auxiliary enterprise is a non-academic entity that exists predominantly to furnish goods or services to students, faculty, or staff, and that charges a fee directly related to, although not necessarily equal to, the cost of the goods or services. The general public may be served incidentally by some auxiliary enterprises.
The university’s auxiliary enterprises are restricted to the housing, dining, conference services, and the bookstore operations. Enterprise-like activities that are in direct support of the university’s missions, such as a veterinary hospital, teaching hotel, dairy store, orchards, etc., are recorded as educational activities revenue.
| Auxiliary Enterprises | A unit, operated similar to a business, that provides goods or services primarily to students or an external population, and for which the rates are intended to cover all costs for labor, goods, and general operating expenses (including administrative overhead). Auxiliary enterprises generate revenues in excess of $10M per year; have physical spaces specifically dedicated and assigned to their operations; have multiple operating accounts; and have their rates set and approved by the board of trustees, with the exception of certain retail locations. |
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| Required Documentation | Records from point-of-sales system or subsidiary system. Contracts for housing, conference services, etc. |
| Procedural Notes | Permitted Ithaca object codes (limited to Campus Life):
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