Examples of Recovered Costs in a sentence
Charges to individuals for services provided are not included in Recovered Costs.
If an internal service is not provided under General and Financial Administration (i.e., data processing system within Education), the value of services provided to other activities should be treated as Recovered Costs to the activity actually providing the service.
The activity receiving the service reflects an expenditure under the object Internal Service; the providing activity reflects the revenue from these charges as Recovered Costs.
If the general government provides a service to an enterprise activity, the enterprise activity should show the fair value of such service as an expenditure (on Form 600) and the general government should reflect that amount as Recovered Costs to the activity providing the service.
Recovered Costs are those amounts received by a local government from other governmental entities for services the other locality provides them (e.g., payment by the state for housing state prisoners).