Grant Accounting

External Funding Request Form "Green Sheet"

BSU's Negotiated Indirect Cost Rate- Summary

The indirect rate is 31.9% of modified total direct costs

Base: "Modified total direct costs, consisting of all salaries and wages, fringe benefits, materials, supplies, services, travel and subgrants and subcontracts up to the first $25,000 of each sub or subcontract (regardless of the period covered by the subgrant or subcontract.  Modified total direct costs shall exclude equipment, capital expenditures, charges for patient care, tuition remission, rental costs of off-site facilities, scholarships, and fellowships as well as the portion of each subgrant and subcontract in excess of $25,000."

Individual Fringe Benefit Rate:

All salaries: 7.65% Social Security
Faculty salaries: 6% basic retirement
Faculty salaries supplemental retirement: 5% (1st $6,000 of fiscal year excluded, then applies to next $45,000)Classified employees: 4% retirement

This would make the rate, not including insurance, 18.65% for faculty and 11.65% for classified.

The employer's (grant's) share of insurance (health + dental) is, per year: $5,684 single or $16,721 family (2009).

Divide the individual's insurance (above) by their base pay rate to determine their insurance percentage.

Add the non-insurance percentage to the insurance percentage to arrive at an individual's fringe benefit rate.

Cost Principles

Addresses allowable & unallowable costs in Section J

www.whitehouse.gov/OMB/circulars/a021/a021.html 

In-Kind

In general, in-kind should not be listed merely to "fluff up" the proposal, but only if it is required and is something you or the PI are willing and able to document if funded

www.whitehouse.gov/OMB/circulars/a110/a110.html  
(Section 23 specifically addresses in-kind)