Re: Which fringe benefit rate to use?
Roberts, Kevin L. 30 May 2003 08:52 EST
We seem to be in the minority. We charge the rates that were in effect at the time the budget was developed. It would be easy for us to change and charge the current rates to all awards. But, I suspect several would cry foul since we would then eat-up more of the awarded dollars in fringe benefit costs.
Kevin L. Roberts
xxxxxx@mayo.edu
(507) 266-5368
Mayo Foundation
Pavilion B-20J
200 1st St. SW
Rochester, MN 55905
> -----Original Message-----
> From: Farnsworth, Franci [SMTP:xxxxxx@MIDDLEBURY.EDU]
> Sent: Thursday, May 29, 2003 2:33 PM
> To: xxxxxx@HRINET.ORG
> Subject: [RESADM-L] Which fringe benefit rate to use?
>
> Is there a "best practices" standard for charging fringe benefits to
> sponsored projects? Our practice in the past has been to charge sponsors
> for fringe benefits using the rates that were in effect at the time the
> budget was developed, which results in a multitude of FB rates in use at any
> given time. A much simpler practice would be to use the rates in effect at
> the time that the salary expense is incurred. I'd be glad to post the
> results of this quick survey to the list -- what method does your
> institution use for charging fringe benefits to grants?
>
>
>
> Frances Vinal Farnsworth
> Coordinator of Sponsored Research
> Munford House
> Middlebury College
> Middlebury, VT 05753
>
> Tel: 802-443-5889
> Fax: 802-443-2081
> Email: xxxxxx@middlebury.edu
> Web: http://www.middlebury.edu/~grants/
>
>
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