R01 Budgets Stephanie Bair And Julia Bellafiore

Transcript:R01 Budgets Stephanie Bair And Julia Bellafiore:
R01 Budgets Stephanie Bair And Julia Bellafiore Agenda Types of Cost Budget Categories and Calculations Justifications Budget exercise Use of Grants Office Processes for Submissions Helpful Hints Types of Cost Budget Categories and Calculations Justifications Budget exercise Use of Grants Office Processes for Submissions Helpful Hints Direct Indirect Types of Cost Budget Categories and Calculations Justifications Budget exercise Use of Grants Office Processes for Submissions Helpful Hints DIRECT COST Can be identified specifically and/or directly assigned to a sponsored project, instructional activity, and/or an institutional activity with a high degree of accuracy Criteria to be a direct cost: Allowable Allocable Reasonable Types of Cost Budget Categories and Calculations Justifications Budget exercise Use of Grants Office Processes for Submissions Helpful Hints INDIRECT COST “Costs…that are incurred for common or joint objectives and therefore cannot be identified readily and specifically with a particular sponsored project, instructional activity, and/or any institutional activity AKA: Facilities & Administration (F&A) costs Overhead Types of Cost Budget Categories and Calculations Justifications Budget exercise Use of Grants Office Processes for Submissions Helpful Hints Budget Categories: Personnel Consultants Equipment Supplies Travel Patient Care* Alterations & Renovations* Other Expenses *not discussed in this session Types of Cost Budget Categories and Calculations Justifications Budget exercise Use of Grants Office Processes for Submissions Helpful Hints Budget Categories >> Personnel Two main categories of Personnel: Senior/Key: “The PD/PI and other individuals who contribute to the scientific development or execution of a project in a substantive, measurable way, whether or not they receive salaries or compensation under the grant. ” Non-Key: does not contribute to the scientific development or execution of a project in a substantive, measurable way Types of Cost Budget Categories and Calculations Justifications Budget exercise Use of Grants Office Processes for Submissions Helpful Hints Budget Categories >> Personnel >> calculation Start with the salary of each individual or position valued at a 1.0 FTE If the person is above the PHS salary cap, use the cap instead of the actual salary in the calculation Multiply the salary times the effort (as a percentage) that each person will spend working on the award. This is the “salary requested” Multiply the salary requested by the institution’s fringe benefits rate to get the fringe requested Add the salary request and fringe for each person to get the total for each person/position Types of Cost Budget Categories and Calculations Justifications Budget exercise Use of Grants