Re: FFP Agreements -- F&A Question Robert Beattie 19 Apr 2007 12:56 EST

Bob
xxxxxx@umich.edu

On Apr 19, 2007, at 12:48 PM, Angie Luan wrote:

Christian,

You should use the fixed-price F&A rate if your institution accept
this award.

We have a negotiated F&A rate for our institute if the sponsor does
not have a specific F&A rate.  But if the sponsor has a specific F&A
rate and your institution accepted the award, you should use
sponsor's rate regardless your actual costs.

Angie luan

Christian Hess wrote:
> Greetings,
>  When you receive a firm fixed-price agreement, how are you
> treating/accounting for F&A costs under those types of awards?  Are
> you taking the full sponsor approved amount budgeted for F&A (which
> is part of the fixed fee), or are you collecting actual costs and
> charging F&A costs as they incur?  What do you do when you are cost-
> effective and have money left over, do you take the full F&A at
> that point?
>  The trouble I'm having is that our Fiscal folks are telling me
> that without labor charges (our F&A is calculated against salaries
> and fringes), they can't "book" F&A.  I am of the opinion that our
> actual cost experience is irrelevant once we accept a fixed fee to
> provide a deliverable.  We are free to debit F&A according to our
> budget estimate, and accounting should "account" for it.
>  Can someone help me on this?
>  Thanks,
> Christian
>  Christian Hess
> Project Development Officer
> Indiana University of Pennsylvania Research Institute
> xxxxxx@iup.edu <mailto:xxxxxx@iup.edu>
>
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