New Facility & Administrative (F&A) Rate Agreement

January 21, 2015

MEMORANDUM

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:

Information on F&A, can be found here: 

           http://gao.fo.uiowa.edu/managing-grants-contracts/facilities-administrative-costs

Please contact either Sponsored Programs at 335-2123 or Grant Accounting at 335-0827 if you have questions.