Facilities and Administrative Cost: Difference between revisions

Facilities and Administrative Cost (view source)

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 To establish guidelines surrounding the definition of F&A costs.
 == Definition ==
-F&A costs are defined by [http://www.whitehouse.gov/omb/circulars_a021_2004/ OMB Circular A-21] as those which cannot be identified specifically with a particular project, instructional activity or other institutional activity, and incurred for common or joint objectives. F&A costs include depreciation on buildings and equipment, interest and debt service costs such as bond amortization, departmental administration, operations and maintenance, general and administrative expenses, libraries, sponsored projects administration, student administration and services. Administrative costs include the salaries and fringe benefits of administrative and clerical staff, office supplies, postage, costs of providing local telephone service, computer software, publications, consulting, equipment costing less than the capital threshold, dues, memberships, and travel.
+F&A costs are defined by OMB Circular A-21 as those which cannot be identified specifically with a particular project, instructional activity or other institutional activity, and incurred for common or joint objectives. F&A costs include depreciation on buildings and equipment, interest and debt service costs such as bond amortization, departmental administration, operations and maintenance, general and administrative expenses, libraries, sponsored projects administration, student administration and services. Administrative costs include the salaries and fringe benefits of administrative and clerical staff, office supplies, postage, costs of providing local telephone service, computer software, publications, consulting, equipment costing less than the capital threshold, dues, memberships, and travel.
 == Policy ==
 It is the policy of UNMC to account for facilities and administrative costs in accordance with Section E of OMB Circular A-21 aggregating and assigning those costs as defined as F&A under the Circular. Refer to UNMC Policy No. 6100, [[Direct Cost|Direct Cost Policy]], for examples of certain special circumstances where costs normally treated as F&A costs are charged directly to a program.