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TAMU > Finance > FMO > Financial Reporting/Reconcilations > UBIT: Statutory Exceptions

UBIT: Statutory Exceptions

  1. Volunteer Labor
    1. Are the unpaid volunteers (students or non-students) participating in the revenue generating activity?
      1. If yes, describe the duties or tasks assigned to the volunteers and indicate the percentage of total effort attributable to the volunteer avtivity.
        Volunteer Time % Duties
        Paid staff time % Duties
  2. Convenience of University/Agency Members
    1. Is the activity performed for the convenience of students, faculty, or staff?
    2. Indicate the percentage of total revenues attributable to each group of users:
      Students %
      Faculty/staff employees %
      Alumni %
      General Public %
      Other (specify) %
      Total %
    3. Is the activity conducted in a remote location which is relatively inaccessible to the general public?
      1. If yes, please explain.
  3. Donated Merchandise
    1. Does the activity involve the sale of donated good?
      1. If yes, indicate the percentage. %