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Taking the Mystery Out of F&A
This is an Elective Course
Facilities and Administrative costs are an essential part of most sponsor budgets and University operations. To also understand direct costing principles, knowledge of F&A costs is needed.
But so many questions surround the topic:
What goes into the F&A calculations?
Is F&A a tax on sponsored activities? A fine on research activities?
What are Bases? Pools? Space surveys? How does all this affect a proposal and the University?
Who determines how much F&A each area receives?
Why do the F&A rates keep changing?
How may F&A rates does the University have and how are they different?
This course answers these questions and more. The session provides discussions, examples and applications that illuminate the distribution of F&A funds, the application of different F&A rates, and relevant F&A terms.
F&A can be a mystery, but one that can be solved.
During this workshop, instructors will present the Federal regulations regarding cost transfers (and labor distribution – LD adjustments) and the related UVa practices in place to help in promoting a compliant costing environment. Additional topics of discussion will include: defining a cost transfer/LD adjustment; what constitutes adequate support documentation; how to avoid cost transfers; ‘red flags’; late cost transfers/LD adjustments; and roles/responsibilities in the process. |