July 2008 F&A Reports Are Available

The July 2008 F&A reports are available on the F&A web page at:
http://www.virginia.edu/finance/finanalysis/overhead.html

FA Award Installment Adjustments

All F&A award installments have been adjusted to account for the F&A earned through June 2008.

Initial F&A Award Installment for FY09 will be made in the month of July. Please notify us if you are aware of circumstances that may cause your FY09 F&A to be significantly less than your FY08 F&A. We have no insight whatsoever into the grant activity of your PI’s and thus use the formula outlined in the FAQ to calculate your initial F&A installment.

If it is possible that your department will generate significantly less F&A this year than last year, then do NOT fund the entire initial installment until you are certain that you will earn it.

If you have any questions regarding F&A please feel free to contact  at 4-1453.