As
a follow-up to Jennifer’s email below regarding the revised Grant Fact Sheet
and the new F&A rate for On Campus Research effective 7/1/2013:
Until
7/1/2013, the PeopleSoft F&A Pricing Setup tab will continue to default to
our current On Campus Research rate of 51.5%. However, budgets for proposals
with a start date of 7/1/2013 or later should apply the new On Campus Research
F&A rate (53.5%). This requires a manual change as follows:
PeopleSoft →Grants→ Proposal →Maintain Proposal→ Budgets
→F&A Pricing Setup
Note
that the Proposal Signature Routing Sheet (PSRS) will reflect a negative cost
share; for example:
The
“Total Institution Contributed F&A” is -$8,217.00 and is calculated as
follows:
Budget F&A Base * Budget
F&A Rate = Sponsor F&A
$410,870.00 * 53.5% = $219,815.00
$410,870.00 * 51.5% = $211,598.00
$219,815.00 - $211,598.00 = -$8,217.00
Double
check:
Total Budget - Total Sponsor Budget
= Total Institution Contributed F&A
$674,322.00 - $682,539.00 = -$8,217.00
Finally,
please review again the following guidance from A-21—also provided on the Grant
Fact Sheet—pertaining to applicable rates for the life of the sponsored
agreement:
Feel
free to contact me or your Senior Grants and Contracts Administrator with
questions.
1.
F&A Rates
a. Please
review the updates to section for the Facilities and Administration Rates. The
new F&A
rate agreement has been posted. The effective period of the agreement
is 7/1/2012-6/30/2016 as identified in Section I: Indirect Cost Rates. The
agreement is a bit different from past rate agreements as there is a change
within the effective period of the rates.
b. Please
take note of the applicable rates for each of the 2 periods:
i.
7/1/12-6/30/13
ii.
7/1/13-6/30/16
c. Please
read how the F&A rates are budgeted in proposals, per OMB Cost
principles.
i.
The guidance and link to A-21 is provided on the GFS.
d. Note
that the Cognizant Agency information has been updated to reflect the new
agreement period.
2.
Business Officers
a. Business
Officers has been updated to reflect Jamie L. Szabo as an Authorized Official
and the Financial Officer
