FACILITIES AND ADMINISTRATIVE (F&A) COSTS  RATES
(Indirect Costs Rates FY03 & FY04)

For the period of July 1, 2002 through June 30, 2005, significant changes in both the rates and their bases were negotiated.  The changes / table are following:

• The rates for all Senior and Regional Campuses were brought into line with the Columbia Campus and will now be calculated on the Modified Total Direct Costs (MTDC) basis rather that the Salaries and Wages basis.
   
• The School of Medicine is considered separate from the Columbia campus and applies its own rate which differs from that of the Columbia campus.
   
• A multi-year award, or an award with a performance period that spans more than one fiscal year, is subject to different rates within the rate agreement.  In such cases, the rate applicable to each period within the rate agreement is the rate that applies to the corresponding period in the sponsored project. This could result in an award being subject to as many as three different rates.   An award date that extends beyond the date of the rate agreement will have the rate in effect at the end of the rate agreement extended through the life of the sponsored award.
   
• On-campus rate for all campuses are based on Modified Total Direct Costs (MTDC) consisting of total direct costs except for capital expenditures [equipment-items with an acquisition cost of $5,000 and up, alterations and renovations, buildings], patient care costs, rental/maintenance of off-site facilities, student tuition, and student support costs (e.g., stipends, scholarships), and the portion of each sub-award in excess of $25,000.
   
• Off-Campus rate applies to all activities performed in facilities not owned by the institution and to which rent is directly allocated to the project. If more than 50% of a project is performed off-campus, the off-campus rate will apply.

Rates effective for awards beginning after July 1, 2002