Pro-Rating F&A Rate Changes in Propsal Budgets

Starting immediately  we recommend using the following as the F&A rate budget justification when a proposal includes  on-campus research.  Previously it was suggested that F&A be budged based on the rate for the majority of the project year.  This has caused some confusion when F&A periods are set during the award process.  Also,  if using the detailed budget in Kuali the pro-rated F&A will be automatically calculated.  Therefore OSP is not recommending that for budgeting purposes if there is a change in the F&A rate during a project year F&A calculations be pro-rated based on the number of months at each rate.

All other UMBC F&A rates do not change throughout the life of the new F&A Rate Agreement and therefore do not need special explanation, so the standard wording can be used for those justifications.  Please see the new agreement at http://cga.umbc.edu/files/2016/11/FINAL-UMBC-FY2016-FY2020-FA-Rate-Agreement-and-Component-Sheet.pdf for a full listing of applicable F&A rates.

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F&A – UMBC has a Federally Negotiated Indirect Cost Rate Agreement (NICRA).

The negotiated rates for on campus research applicable to this proposal are (NOTE PICK ONLY THE RATES THAT APPLY):

07/01/2015-6/30/2016   50.5%

07/01/2016-6/30/2017   52.0%

07/01/2017-6/30/2019   52.50

07/01/2019-6/30/2020   53%

If a project year incorporates more than one rate F&A recovery is calculated on a prorated basis with the rate reflecting the date of the NICRA change.

MTDC excludes tuition, equipment over $5,000 and the cost of subgrants over $25,000.