TO: Budget Officer Listserv
FROM: Jennifer Lassner, Asst. Vice President for Research
Audra Haddy, Assoc. Controller and Director, Grant Accounting
RE: New Facility & Administrative (F&A) Rate Agreement
DATE: January 21, 2015
The University recently completed negotiations with the federal government and received a new F&A rate agreement, effective August 29, 2014. With the new agreement, the current on-campus F&A rate of 51% of Modified Total Direct Costs (MTDC) will expire on June 30, 2016 and starting July 1, 2016 will be 52.5% MTDC. The new rate agreement should be referenced and the applicable rate used with all new or competing applications and proposals. As in the past, different rates apply to off-campus projects, instructional projects, training grants, corporate-funded clinical trials, and some other programs and/or sponsors.
Direct links for most frequently used information are:
- A copy of the rate agreement is at: http://fa.fo.uiowa.edu/files/fa.fo.uiowa.edu/files/Current%20FA-Fringe%20Rate%20Agreement%208-29-2014_2.pdf
- Definitions and policy on charging F&A is at: http://dsp.research.uiowa.edu/charging-facilities-and-administrative-fa-costs-grants-and-contracts
Information on F&A, can be found here:
Please contact either Sponsored Programs at 335-2123 or Grant Accounting at 335-0827 if you have questions.