Shared Services Fee
AED calculates, manages, and assesses the Shared Services Fee collected from auxiliaries to support the central administrative costs associated with carrying out auxiliary enterprises. The shared services fee should be considered an operating cost, as it is collected to reimburse administrative areas for common business type expenses a typical enterprise would incur if not for operating as an auxiliary at FIU.
Currently, the Shared Services Fee is collected monthly by assessing a set percentage of operating expenses.
- Academic, Parking, Housing and Other Auxiliaries are assessed at 7.00% of operating expenses excluding certain expenses like Purchases for Resale and Other Capital Outlay (OCO).
- Student Fee driven auxiliaries are assessed at 5.50% of operating expenses excluding certain expenses like Purchases for Resale and Other Capital Outlay (OCO).
Please contact email@example.com if you should have any questions about the Shared Services Fee and how it is calculated or assessed.