In Charlie's scenario about unrecovered fringe benefits costs, the revenue
source would be a general institutional deficit in the year of the foregone
revenue. However, because no account was identified to cover the shortfall,
the eventual source for at least a portion of the deficit would be the future
fringe benefits rates (if we assume that the institution was using fixed
rates with carryforward). This is a reply to his email of January 26. Sorry
for the late posting. I was on vacation last week.