Introduced as part of FY 15 President’s Recommended Budget Purpose: To award Colleges for increasing Facilities and Administrative (F&A) cost recoveries.

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Presentation transcript:

Introduced as part of FY 15 President’s Recommended Budget Purpose: To award Colleges for increasing Facilities and Administrative (F&A) cost recoveries (a.k.a. indirect cost recoveries) Current allocation is 70% (University) and 30% (College/Department/Center) Incentive Award: Change allocation to 70% (College/Department/Center) and 30% (University) on additional F&A earned. FY 15 Externally Funded Research Incentive Program 1

2 Process: During FY 15 – Allocations will be made based on current methodology. At the Close of FY 15 – Office of Finance will perform an analysis to determine the Incentive Award. The Incentive Award will be transferred from a University Overhead index to the appropriate College Overhead Index in FY 16.

FY 15 Externally Funded Research Incentive Program 3 Example: