Controller's Office Updates

December 19, 2018

Business Officers,

I’m pleased to share the following important updates from our office:

  • FY 2018 Financial Report.  The University’s FY2018 Financial Report is now available at  Please take time to look through the report and share the link with your staff & colleagues.  The annual audited report is developed by Accounting & Financial Reporting staff in collaboration with many units across campus - thank you sincerely for your contributions! 
  • New F&A Rate.  The University recently completed negotiations with the federal government and received a new F&A rate agreement.  With the new agreement, the current on-campus F&A rate of 52.5% of Modified Total Direct Costs (MTDC) will expire on June 30, 2019 and starting July 1, 2019 will be 54.5% of MTDC.  As in the past, different rates apply to off-campus projects, instructional projects, training grants, corporate-funded clinical trials, etc.  The new rates will apply to new and renewing awards that begin on or after July 1, 2019.  Copies of our F&A Rate Agreements are published at
  • Proposed Fringe Benefits Rates.  The proposed FY2020 fringe benefits charge rates are published at  The rates are not to be considered final until they are negotiated with our cognizant federal agency this spring (DHHS).  We will let you know when FY2020 rates are approved & final.  Estimated fringe rates for FY2021-FY2022 are also published – these are projections only and will be adjusted in future years prior to rate negotiations.  Please share this information with others as appropriate. 
  • 2019 Quarterly Business Officers Meetings.  The 2019 quarterly meetings are scheduled and published at  At the January 31st meeting, we will provide presentations on the following topics (among others): Proposed Fringe Benefits Rates, Overview of New F&A Rate, Projecting Your Indirect Cost Recoveries.

I hope you have a wonderful holiday break that is blessed and rejuvenating!

Thank you,

Selina Martin