Re: F&A Calculation Question Zoya Hamilton 17 Nov 2008 09:04 EST
Sandy, When you calculate the F&A using the agency rate that is different from your institution's rate always compare which one generates the lesser amount in F&A over the life of the project and use that rate. I.e. you have to compare whether 15% of total or 50% of salary/fringe is less. You can never charge more than your your university rate would yield to federal grants. -- Zoya Hamilton, CRA Sr. Associate Director, Research Administration Office of the Vice Provost Tufts University Tel (617) 636-6709 Fax (617) 636-2917 http://www.tufts.edu/central/ Carolyn Elliott-Farino wrote: > Sandy, > > You use the rate approved for the project, which may differ from your > negotiated rate, as it did here. If you were to use your negotiated > rate, you would use the rate in effect at the time the award was made > for the duration of the project. In this case, you have an approved > project rate and that is the rate to use for the project. So yes, you > are correct to use 15% of _total_ expenses. > > Welcome to the listserve. If you find it half as helpful as have I, > you will be mightily happy! > > Carolyn Elliott-Farino > Director, Contracts and Grants Administration > Kennesaw State University, Office of Grants and Contracts > 1000 Chastain Road MD 0111, KH Bldg 1 Rm 3419 > Kennesaw, GA 30144-5591 > Phone: 770.423.6381 > Fax: 770.499.3620 > > > > > >>> xxxxxx@FAIRMONTSTATE.EDU 11/14 10:18 AM >>> > > Hello All, > > > > I am new to this listserv and just joined today. Our Office is > relatively new (created in mid-2005). I have worked at this > institution for 14 years, but only the past 3 have been with grants > administration, so we are still learning. We have a current issue for > which we need clarification: > > > > We have a USDA award that is now ending. The F&A rate approved by > USDA is 15% of total expenses. At the time this award was received, > our institutional F&A rate was 50% of salary/fringes only. > > > > Since USDA approved 15% of "total" expenses, were we correct in using > that calculation over the award performance period? Or should we have > used 15% of "salary/fringes" only? Since we are now closing out this > award, I want to make sure that we adjust the budget and reimburse the > sponsor immediately if needed. > > > > Any insight that can be offered will be great appreciated. > > > > Cordially, > > > > Sandy Shriver > > Director > > Office of Research and Graduate Studies > > 1201 Locust Avenue > > Fairmont, WV 26554 > > 304-367-4684 (phone) > > 304-367-4959 (fax) > > xxxxxx@fairmontstate.edu <mailto:xxxxxx@fairmontstate.edu> > > > > "Peace is watching a sunrise and knowing Who created it." > > > > Confidentiality Statement: This electronic mail transmission and any > attached document(s) may contain information that is confidential. > This information is intended only for the individual(s) named on this > electronic mail. If you are not an intended recipient, you are hereby > notified that any disclosure, copying, distribution, or taking action > on the contents of this electronic mail is strictly prohibited. If you > have received this electronic mail transmission in error, please > notify me so that I can arrange that the electronic mail transmission > be directed to the correct recipient(s). Please destroy all copies > that were sent to you in error. Thank you. > > > > ====================================================================== > Instructions on how to use the RESADM-L Mailing List, including > subscription information and a web-searchable archive, are available > via our web site at http://www.hrinet.org (click on "Listserv Lists") > ====================================================================== > > ====================================================================== > Instructions on how to use the RESADM-L Mailing List, including > subscription information and a web-searchable archive, are available > via our web site at http://www.hrinet.org (click on "Listserv Lists") > ====================================================================== > ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.hrinet.org (click on "Listserv Lists") ======================================================================