What is F&A mean?

What is F&A mean?

Facilities and Administrative Costs
Facilities and Administrative Costs (F&A)

What does F&A rate mean?

The F&A rate is essentially an overhead rate. It is calculated as a percentage of overhead associated with, and allocable to, sponsored research and other activities, divided by the direct costs of sponsored research and other activities.

What is included in F&A?

F&A is applied to all of the direct costs minus the following: equipment, capital expenditures, charges for patient care, participant support costs, student tuition remission, rental costs of off-site facilities, scholarships, and fellowships as well as the portion of each subgrant and subcontract in excess of $25,000.

How do you calculate F&A?

The process of calculating the F&A Rate is to sum these indirect costs and divide by the base. The base is defined as the major functions of an educational institution.

What are facilities and administrative rates?

Facilities & Administrative (F&A) Costs are the costs that are incurred by a grantee for common or joint objectives that cannot be identified specifically with a particular project or program. In proposals and approved budgets, the total project cost is the sum of total direct costs and total F&A (indirect) costs.

What is included in facilities and administrative costs?

6.3 Indirect Costs/Facilities and Administrative Costs (F&A) They include such categories as library operations, utility costs, depreciation of buildings and equipment, operations and maintenance costs, grant and contract administration and accounting, and general administrative expenses for central offices.

What is F & A department?

Definition. F&A. Facilities and Administrative Costs (aka Indirect Costs or Overhead)

How do you calculate MTDC?

To determine the MTDC base to which the F&A rate will be applied, add all direct costs then subtract the exclusions. Per 2 CFR Section 200.1 (definition of MTDC), standard exclusions include expenditures for: Capital equipment.

What is excluded from F&A?

Base Code A calculates F&A on all direct expenditures excluding the following items: equipment, capital expenditures, patient care charges, space rental costs, tuition and fee remission, scholarships and fellowships (stipends), participant support costs and subaward expenses in excess of $25,000, and the total cost of …

Is F&A indirect cost?

Indirect Costs, also known as Facilities and Administrative Costs (F&A) or overhead, are institutional costs that are not specifically allocable to individual research projects but are real costs that institutions incur during day-to-day operations.