About University Research Administration
New Indirect Cost Rate Agreement
| To: | URA Announce List |
| Date: | Tues, 23 September 2008 |
| From: | Susan Boone |
| Subject: | New Indirect Cost Rate Agreement |
The new indirect cost rate agreement is dated September 2, 2008. It is posted at http://researchadmin.uchicago.edu/support/financial_docs.shtml. For all new and competing submissions, with a budget start date of July 1, 2008 and beyond, the rate to be applied is 56%.
Federal regulations require that the F&A rates for the life of an award’s competitive segment (project period) be linked to the predetermined F&A rates that were in effect at the time the segment began. Accordingly, new or competing renewal awards that began prior to July 1, 2008 will not have their F&A rates changed during their approved project period. New or competing renewal awards that began July 1, 2008 or later, however, will have F&A rates applied in accordance with the rates contained in the new F&A agreement.
Faculty and administrators are referred to the chart labeled 304.2 found at the bottom of page http://researchadmin.uchicago.edu/guidelines/300/304.shtml to determine the F&A rates that will be applied to individual awards.
Faculty and administrators who have questions or need assistance in preparing proposal budgets should contact University Research Administration, while questions regarding F&A charges to award accounts should be directed to the Restricted Funds Section of the Comptroller’s Office.
