BSU’s Negotiated Indirect Cost Rate — Summary
The Indirect Rate is 32.5% 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
The rate, not including insurance for budgeting purposes, 20% for faculty and 13% for classified staff.
The cost of health insurance must be added to the above percentage, which varies depending on the individual’s type of coverage and number of hours during the pay period in the grant.
Note: Make sure to add the non-insurance percentage to the insurance percentage to arrive at an individual’s fringe benefit rate.
Policies for Grant Sponsored Programs
The policies and procedures must follow the guidelines that are outlined under BSU policies located under finance.
Make sure that you are familiar with these policies that must be followed for every grant application that is submitted through the University.
Cost Sharing or Matching
In general, cost sharing or matching should not be listed merely to “fluff up” the proposal, but only if it is required and is something you, the PI and Dean are willing and able to document if funded.
For more information on cost sharing or matching see CFR 200.306.