Usf Indirect Cost Rate Agreement

Indirect costs: costs related to common or common objectives, which therefore cannot be easily and specifically identified by a project, teaching activity or other institutional activity. According to the OMB guidance, indirect costs are divided into nine categories of R&A costs. OMB Circular A-21: Cost Principles for Educational Institutions: “Direct costs are those costs that can be identified specifically with a particular project, teaching activity, or that can be attributed directly to such activities, with great precision. Costs related to the same objective in similar circumstances must be consistently considered as direct or indirect costs. Where an organization considers a certain type of cost as a direct cost of sponsored agreements, all costs incurred in similar circumstances for the same purpose are treated as direct. b) Insufficient R&D costs returned to support projects 1. Fees must be included in the approved budget or costs must be approved under the rebudget authority granted by the proponent. When preparing applications for supported projects, the IP usually presents a detailed budget. This budget includes items such as salaries and wages, social benefits, travel, inventory and other direct costs. The price reflects the approved budget items and is part of the agreement between the university and the sponsor.

Only costs included in the budget or rebudgetary costs approved by the proponent should be charged. If, after the award has been awarded, the costs require prior authorisation from an institution and/or promoter, the authorisation must be guaranteed before the costs are incurred. Indirect reimbursements are usually determined based on the application of the university`s R&A (facilities and administrative) rate, which is negotiated regularly with the U.S. Department of Health (HHS). The M&A rate is calculated by the university in accordance with the requirements of the negotiation ** for rates other than those indicated below that must be performed by Sponsored Research and approved by the Director.** The following criteria must be taken into account in determining the admissibility of a cost: cost accounting standards require consistent treatment of costs in “similar circumstances”. Therefore, “exceptional circumstances” must be justified when costs are budgeted, invoiced and reported inconsistently. The following arguments cannot be used per se to demonstrate “exceptional circumstances”: a) Costs are budgeted separately in the proposal budget (note that for some fixed-price funding agreements, no detailed budget is required from the proponent, but the internal budget must reflect the costs.) 1) Provide a direct benefit for the purpose or objective of the project, unlike the costs, but for the completion of the project, it does not matter for this purpose? (2) The costs must be borne in accordance with the principles and methods of Circular A-21. Costs must be attributed to a particular project, where the goods or services in question are subject to costs or charges for the project based on the relative benefits received. any staff member responsible for budgeting and expenditure of funds to cover indirect costs; members of the management team as well as superiors and managers who supervise a staff member with such responsibilities. .

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