January 2018 Reports are Available
The FY18 YTD Modified Total Direct Cost ("MTDC") sponsored base spending was $60,702,244, up 3.5% from the $58,650,707 for the last year fiscal year.
MTDC YTD spending on grants with the new 61% F&A rate is $2,177,198 which generated $1,315,460 of F&A recoveries.
The YTD F&A recoveries in September were $20,827,263, up 0.7% from the $20,381,291 in FY17. This was an increase of $145,971.
The effective rate in September 2017 was 34.3%, down from 35.3 % in September 2016.
The YTD Total Sponsored Expenditures, comprised of all spending on grants was $101,143,712, up 7.8% as compared with the spending through September 2016 of $93,852,553.
The January 2018 F&A reports are available on the F&A web page at: http://www.virginia.edufinance/finanalysis/overhead.html
The "Reports MMM-YY.xlsx" files contain five tabs: Recoveries, Dept Dist, Deans Dist, Other Dist (to account for the new third allocation), and Dist.
The F&A Distribution Process
To see the Distribution Percentages established by the School/Unit, please view your org number on our updated F&A Allocation Percentages link, http://www.virginia.edu/finance/finanalysis/Distribution Allocation Percentages By Org.pdf
The FY18 F&A Allocation Percentages will be in effect for the entire fiscal year.
Helpful Information for New Hires
Do you have new staff with fiscal duties related to F&A? Then check out the “Working with F&A at UVa.pptx” presentation on our website! The slides provide an overview of F&A, sample reports, and how to calculate that amount of F&A a grant will earn.
Certified Research Administrator
Planning on taking the Certified Research Administrator (CRA) exam? Get a head start by looking at our "Understanding F&A Rates.pptx" presentation on our website. This is the same presentation that is given during the CRA review course. The slides cover federal regulations, definitions, and concepts, plus sample calculation with explanations.
If you have any questions, please contact ph: 4-8928 or ph: 2-2373.