Institutional Base Salary: Difference between revisions

The federal government requires recipients of federal funding to establish institutional policy that documents the budgeting and expensing of salaries on sponsored projects. Specifically, government regulatory costing principles such as those contained in the [http://www.whitehouse.gov/omb/circulars_a021_2004/ Office of Management Budget (OMB) Circular A-21], “Cost Principles for Educational Institutions,” and those required by the [http://www.whitehouse.gov/omb/procurement_casb/ Cost Accounting Standards Board] require that sponsored project costs, such as salaries, be treated consistently. In addition, institutions with practice plans must meet specific NIH criteria to combine practice plan and university salary to form the IBS.