Usf Indirect Cost Rate Agreement

(d) any funded project whose funds are used as cost-sharing for a project covered on a case-by-case basis. Only individual costs used as cost-sharing are subject to the definitions of direct royalties and “other than circumstances.” 1) Are costs directly useful to the objective or objective of the project, as opposed to the “necessary” costs to complete the project, but at the same time? (a) Costs are budgeted separately in the proposal budget (note that for some fixed-price funding agreements, a detailed budget is not required of the proponent, but the internal budget must reflect costs.) 2) Can costs match the definition of direct costs? Can costs be identified with a project with relative ease and high degree of accuracy and be permitted by all conditions of a particular distinction? The university`s policy is to support research activities supported by its faculties and collaborators in order to contribute to the search for knowledge, to improve student learning and to promote the common good. To encourage these efforts, the university is providing additional funding to principal investigators (PIs) and departments to support their research activities. This credit is derived from indirect cost recovery funds that the Agency has received from external sponsors of projects entrusted to the university. For the on-campus research rate and all other institutions and administrative rates – excluding the campus research rate, on- and off-campus rates for other sponsored activities and the affiliation rate (Moffitt) are shown in the table below. 3. CAS and the revised Circular A-21 underline the importance of consistent application of cost accounting principles. Costs incurred in similar circumstances for identical purposes must be treated uniformly as direct or indirect costs. If the university considers a certain type of cost to be considered a direct cost to sponsored agreements, all costs incurred in similar circumstances for the same purpose must be considered as direct costs for all activities of the institution.

Strict costing is necessary to avoid unsuitable fees to the federal government or other sponsors when sponsored contracts are billed directly for certain costs and then re-billed through the university`s indirect cost rate. IsPs, department administrators and, in some cases, headquarters officials should audit costs to ensure they are eligible and to charge a project. The size, nature and complexity of sponsored agreements are not the final determinant, but, overall, important considerations for determining other circumstances. Due to the unique requirements of each sponsored agreement, contrary to the circumstances, the investigation is conducted on a case-by-case basis. The distribution of indirect costs between NPs and deans is reduced by all university funds or shared costs related to the grant or contract. This directive sets out the procedures for allocating funds to cover the indirect costs the university receives in the management of its contractual activities and sponsored grants. Negotiations for rates other than those mentioned below must be conducted by Sponsored Research and approved by the Director. Therefore, “contrary circumstances” must be demonstrated/justified when costs are budgeted, billed and reported inconsistently.

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