Fee for Service

Iowa State University has more than 700 fee-for-service accounts, ranging from small one-time events to large on-going operations.  These fee-for-service accounts are established for the purpose of providing goods and services to individual users and industry partners on a cost-reimbursement basis. The EDIR staff can work with the Financial Accounting and Reporting (FAR) staff to provide guidance to industry partners in establishing a new account and developing appropriate billing rates that comply with federal cost accounting standards.