Michael Conlon PhD Chief Operating Officer UF Clinical and Translational Science Institute Budget The budget sets the scale for the scientific work to be accomplished If the budget is too big for the proposed work your proposal will not be funded ID: 325658
Download Presentation The PPT/PDF document "Budgets, Budget Justifications and Conso..." is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
Slide1
Budgets, Budget Justifications and Consortia
Michael Conlon, PhD
Chief Operating Officer
UF Clinical and Translational Science InstituteSlide2
BudgetSlide3
The budget sets the scale for the scientific work to be accomplishedSlide4
If the budget is too big for the proposed work, your proposal will not be fundedSlide5
If the proposed work is too big for the proposed budget, your proposal will not be fundedSlide6
If your budget is unclear or incomplete, your proposal will not be fundedSlide7
Consistency is key:
Text = Budget =
Budget JustificationSlide8
Every budget is tightSlide9
Plan
ahea
dSlide10
Salary, Equipment, Supplies, Tuition, Consultants, Participant Costs, TravelSlide11
Budget JustificationSlide12
The budget justification is your opportunity to show the reviewers you not only know
what
must be done (science) but
how
it will be done at UFSlide13
Every item in the budget requires a justificationSlide14
If time or resources will be provided by others to your work, you must have a letter from them documenting the committed resourcesSlide15
Salary + Fringe:
Time must be spent on the grant
Match effort reportingSlide16
Equipment:
The purchase must be required for the proposed work
The equipment must be dedicated to the proposed workSlide17
Supplies:
All items justified
All costs reasonable
Costs must be attributable to the proposed workSlide18
Tuition:
UF in-state graduate student tuition is $12,590*
*
12 credit hours. http://www.sfa.ufl.edu/basics/cost-of-attendance/Slide19
Consultants:
Simple agreements for services
Include LettersSlide20
Patient Care Costs:
Work with the CRC
Work with RACSlide21
Travel:
Every trip should be justified
Costs should be consistent and reasonableSlide22
Direct and Indirect CostsSlide23
Indirect Costs
p
ay for the things you don’t pay for – space, electricity, furniture, administrative staffSlide24
UF returns a portion of indirect costs to the dean, chair, center and principal investigatorSlide25
The UF indirect cost rate is 49%*
*Other rates may apply. See: http
://research.ufl.edu/research/proposal/fa-rates.htmlSlide26
UF uses Modified Total Direct Costs (MTDC) to budget indirect costs*
*Unless funding agency requires a different base.Slide27
Example
Item
Included
in MTDC?
Amount
Salary+Fringe
Yes
$100,000
Supplies
Yes
$15,000
Tuition
No
$12,000
Patient Care
No
$40,000
Consultant
Yes
$20,000
Equipment
No
$50,000
Travel
Yes
$20,000
Total Direct
Costs
$265,000
Total MTDC
$155,000
Indirect Costs (49% of Total MTDC)
$75,950
Total Budget (Direct + Indirect)
$340,950Slide28
ConsortiaSlide29
A consortia is a legal agreement between research institutions to participate in the work if fundedSlide30
Allow a minimum of three months to create the consortium for your proposalSlide31
Decide who is in the consortiumSlide32
Decide the work to be performed by each consortium memberSlide33
Decide the budget for each consortium memberSlide34
Consortium members pay indirect costs at the rate of their home institutionsSlide35
In addition, you pay up to $25,000 in indirect costs for each consortium memberSlide36
Work with an experienced grant administrator and the Division of Sponsored Research in developing your consortium Slide37
Questions?