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CON Budget/Financial Principles and Practice: Difference between revisions
CON Budget/Financial Principles and Practice (view source)
Revision as of 15:21, April 29, 2015
, April 29, 2015→Indirect cost revenue
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====Indirect cost revenue==== | ====Indirect cost revenue==== | ||
<p style="margin-bottom:15px;">Indirect cost return, also known as facilities and administrative (F&A) costs, results from extramural grants and contracts. F & A dollars are distributed to NU and UNMC, and the College receives a lesser portion. These funds are used by the Dean in service of the College’s research mission, and largely support the Niedfelt Nursing Research Center. </p> | <p style="margin-bottom:15px;max-width:70em !important;">Indirect cost return, also known as facilities and administrative (F&A) costs, results from extramural grants and contracts. F & A dollars are distributed to NU and UNMC, and the College receives a lesser portion. These funds are used by the Dean in service of the College’s research mission, and largely support the Niedfelt Nursing Research Center. </p> | ||
====Salary supplemental compensation==== | ====Salary supplemental compensation==== | ||
<p style="margin-bottom:15px;">Faculty who hold an appointment of at least .5 FTE and the academic rank of instructor or above are eligible for NU’s Supplemental Compensation Plan. The Plan pertains to faculty who are PI, Co-PI, or Co-I of an extramural research grant or senior Project Director or Co-Project Director of an extramural training or practice grant/contract. The issue of supplemental compensation applies only when a portion of the person’s salary is compensated by the grant/contract. By NU policy, maximum salary supplement is 50% of freed up dollars, not to exceed 25% of base University salary. The award of supplemental compensation is at the discretion of the Dean and depends on such factors as workload adjustments and costs of the project to the College. Department Chairs and Division Assistant Deans recommend salary supplement percents to the Dean. In addition, they encourage faculty to allocate at least some of their supplemental compensation to a Professional Development Account, given the limited College dollars for professional development and travel.</p> | <p style="margin-bottom:15px;">Faculty who hold an appointment of at least .5 FTE and the academic rank of instructor or above are eligible for NU’s Supplemental Compensation Plan. The Plan pertains to faculty who are PI, Co-PI, or Co-I of an extramural research grant or senior Project Director or Co-Project Director of an extramural training or practice grant/contract. The issue of supplemental compensation applies only when a portion of the person’s salary is compensated by the grant/contract. By NU policy, maximum salary supplement is 50% of freed up dollars, not to exceed 25% of base University salary. The award of supplemental compensation is at the discretion of the Dean and depends on such factors as workload adjustments and costs of the project to the College. Department Chairs and Division Assistant Deans recommend salary supplement percents to the Dean. In addition, they encourage faculty to allocate at least some of their supplemental compensation to a Professional Development Account, given the limited College dollars for professional development and travel.</p> | ||