** French to follow **

This message is sent on behalf of Serge Bergeron, Senior Director Budget and Finance , Analysis, Planning and Budget and Tonia Sciannamblo, Interim Controller, Financial Services

Dear Colleagues,

The overhead recovery fee currently being charged on actual revenues earned in non-1A unrestricted funds will remain at 7.5% in FY2024. This is unchanged from FY2023. The process for collecting and recording of this fee will continue to occur on a quarterly basis.