ORA Special- 02/27/02

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Section 1 – Attention

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ATTENTION

It has come to our attention that the Division of Sponsored Research, Proposal Processing has comprised an internal rule in regards to the calculation of Indirect cost for the 45.5% rate increase effective 07/01/04. Proposal processing is requiring that calculations reflect the new rate. Grant administrators are being asked to prorate the IDC rate in the transition year if the number of months at the new rate is 4 months or greater.

For example: if the project period is 12/01/02-11/30/07 the IDC rate for year 1 should be calculated at 45%, year 2 should be pro-rated 7 months @ 45% and 5 months @45.5%, and years 3, 4, and 5 calculated at 45.5%.

Effective February 27, 2002, ORA will check proposals to make sure they adhere to this new rule.  For assistance in prorating calculations, go to Prorate IDC. If there are questions or concerns, please do not hesitate contact us at 392-5398.

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