JCPSG | TRAC Guidance

Part III - Annual TRAC

Section F: Income allocation

  1. The Funding Councils require income to be reported alongside costs in the annual TRAC return. Guidance is given in document linkAnnex 16.
  2. These methods can provide allocations that are useful for quality assurance – understanding results, testing for reasonableness and benchmarking results – as well as for internal planning and resource allocation.