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Wiki Pages: Facilities Administrative or Indirect Rate Cost Distribution Policy

Version HistoryVersion History

Name

Facilities Administrative or Indirect Rate Cost Distribution Policy 

Wiki Content

Division     

          

 

Administration and Finance

Department

 

Grants Office, Fiscal Affairs

 

 

 

Worcester State University

Facilities & Administration (F&A or Indirect) Cost Distribution Policy

 

Policy

 

 

 

 

Worcester State University is committed to creating a strong institutional grant program.  This policy seeks to encourage further grant development endeavors and strengthen the University’s grant program by sharing the F&A or Indirect costs recovered from a grant with the Principal Investigator/Project Director of the grant, his/her academic department, Academic Affairs, Administration & Finance and the University’s general fund.

 

Procedure

 

 

 

 

The following distribution shall be applied for grants, contracts and sponsored projects indirect cost (F&A) revenue:

·         15% to the Principal Investigator / Project Director of the grant – to be used for the project or professional development, such as travel to professional conferences, research materials and equipment, and other approved expenditures for research and scholarly activities.

·         10% to the Academic department – to be used for faculty research and professional development.

·         10% to the Dean or appropriate Vice President – to be used in support of research and education grant activities.

·         10% to the Provost of Academic Affairs – to be used in support of research and education grant activities.

·         25% to the Vice President for Administration & Finance/Grants Office – to be used in support of the administration of grants, contract, and sponsored projects.

·         30% to the General Fund of the College.

 

When the PI is also a director of a center or institute the following distribution will be followed in lieu of the above:

·         25% of the indirect funds shall be set up in an account in the name of the center;

·         10% to the Dean or appropriate Vice President – to be used in support of research and education grant activities.

·         10% to the Provost of Academic Affairs – to be used in support of research and education grant activities.

·         25% to the Vice President for Administration & Finance/Grants Office – to be used in support of the administration of grants, contract, and sponsored projects.

·         30% to the General Fund of the College.

The accounts to which the indirect costs will be distributed will be set up by Administration and Finance.

 

The indirect cost revenue will be allocated as the expenditures occur and will not be available at the beginning of the grant period.

 

The funds will be distributed bi-annually (January and August), and may be used for expenses such as travel to professional conferences, research materials and equipment, and other approved expenditures for research and scholarly activities. 

 

Expenditures for all these accounts will follow current University’s accounting procedures.  All such funds will be able to be “rolled” from one fiscal year to the next. 

 

Approved by

Vice President/Date

 

 

Approved by

Cabinet/Date

 

 

Revised Date

 

February 18, 2013

 

 

 

 

Version: 2.0 
Created at 5/31/2012 8:42 AM  by Hoxha, Anisa 
Last modified at 3/29/2013 9:43 AM  by Hoxha, Anisa