Usf F&A Rate Agreement

USF F&A Rate Agreement: What You Need to Know

Are you an academic researcher or institution looking for funding from the University of South Florida (USF)? If so, it`s essential to understand the USF Facilities and Administrative (F&A) rate agreement.

F&A rates refer to the indirect costs of research that are not directly attributable to a specific project. These costs may include expenses such as utilities, maintenance, and administrative support. The F&A rate is calculated as a percentage of the direct costs of a research project and is charged to the sponsor of the project.

In the case of USF, the F&A rate agreement outlines the rates that are applicable to all research projects conducted by the university. This agreement is negotiated with the federal government`s research agencies, such as the National Institutes of Health (NIH), and sets the rates for the next four years.

The current USF F&A rate agreement covers the period from July 1, 2019, through June 30, 2023. The rates vary depending on the type of research and location of the project. For example, the rate for on-campus research is 52.5%, while off-campus research has a rate of 26%. Additionally, clinical trials have a lower rate of 30%.

It`s important to note that the F&A rate is not negotiable; it is set by the government agencies. However, there are exceptions for certain types of research projects, such as those with a small budget or those conducted with non-profit organizations.

Why is the F&A rate agreement important?

Understanding the F&A rate agreement is essential for researchers and institutions because it directly impacts the funding they receive for their projects. The F&A rate is a significant source of indirect funding for research institutions, as it covers the costs of running a research project that cannot be directly attributed to the project itself.

Additionally, the F&A rate agreement ensures that institutions are fairly compensated for their indirect expenses. The agreement helps to prevent underfunding and ensures that institutions have the resources they need to conduct high-quality research.

In conclusion, the USF F&A rate agreement is an essential component of the funding process for academic research projects. It`s important to understand the rates and how they impact your funding, as well as any exceptions or special considerations that may apply to your project. By staying informed about the F&A rate agreement, researchers and institutions can effectively manage their funding and ensure that their research projects are successful.