CON Budget/Financial Principles and Practice: Difference between revisions

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===Fund Distribution Guidelines===
===Fund Distribution Guidelines===
====Extramural research funding====
====Extramural research funding====
<p style="margin-bottom:15px;">Extramural funding agencies (whether federal, state, or local for research or other special projects) should provide universities with faculty salary support and indirect cost revenue. In this way, universities are able to recover some of the costs incurred in doing such research or other projects. In turn, and to the extent possible within the context of the College’s missions, faculty grantees are released from their university responsibilities and spend this portion of their time and effort on the externally funded projects that are paying that portion of their salary.</p>
====Indirect cost revenue====
====Indirect cost revenue====



Revision as of 14:58, September 27, 2013

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UNIVERSITY OF NEBRASKA MEDICAL CENTER
COLLEGE OF NURSING
Budget/Financial Principles and Practices Subsection: Appendix E
Section - Information Originating Date: January, 2009
Responsible Reviewing Agency:
Executive Council
 
J:/RESOURCE MANUAL/Table of Contents College of Nursing Resource Manual


College Budget Priorities

  • Salary for faculty and staff
  • Faculty recruitment
  • Technology
  • Facilities for all divisions
  • Faculty travel to professional meetings at which PI or first author is presenting
  • Professional development for faculty and staff

Fund Distribution Guidelines

Extramural research funding

Extramural funding agencies (whether federal, state, or local for research or other special projects) should provide universities with faculty salary support and indirect cost revenue. In this way, universities are able to recover some of the costs incurred in doing such research or other projects. In turn, and to the extent possible within the context of the College’s missions, faculty grantees are released from their university responsibilities and spend this portion of their time and effort on the externally funded projects that are paying that portion of their salary.

Indirect cost revenue

Professional Development Accounts

Faculty Development Supported by Department/Division

Summer Salary

Budget Process