Transcript FY15 Research Incentive Program

FY 15 Externally Funded Research Incentive Program
• 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.
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FY 15 Externally Funded Research Incentive Program
• 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.
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FY 15 Externally Funded Research Incentive Program
Example:
College Portion of F&A Recoveries for FY 15
College Portion of F&A Recoveries for FY 14
F&A Increase
$
$
$
F&A Increase
Incentive Factor
F&A Incentive Award
$
$
120,000 (includes the 30% allocated
100,000 to College / Dept. / Center)
20,000
20,000
1.3333
26,666
Transfer of $26,666 from University Overhead Index to Collge Overhead Index
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