Part III - Annual TRAC
Costing system schematic
The annual TRAC process involves the attribution of costs to
five figures, for reporting each year to the Funding Councils. The aim
is to satisfy public accountability, and also to provide data that can be used
for internal management.
The costing schematic shows how the annual TRAC processes provide data for the
annual TRAC return and the charge-out rates that are used to derive costs used
in estimating the fEC of research projects.