Developing a Grant Budget College of Arts & Humanities University of Central Florida March 1, 2010.

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<ul><li> Slide 1 </li> <li> Developing a Grant Budget College of Arts &amp; Humanities University of Central Florida March 1, 2010 </li> <li> Slide 2 </li> <li> Budget </li> <li> Slide 3 </li> <li> Your Goal To develop a budget that is Reasonable Appropriate Allowable Draft a rough budget FIRST before writing the proposal Your time, other faculty, students, etc. Expenses (travel, materials, consultants, equipment) Indirect </li> <li> Slide 4 </li> <li> Budgeting Basics Getting Started Resources needed Types of Costs Personnel Expenses Equipment/Capital Outlay Participants Subcontracts Cost Share or Match Indirect Costs Budget Narrative </li> <li> Slide 5 </li> <li> Have Source - Getting Started Find the budget section in the RFP Work from the RFP budget format (form) Read the full RFP for more guidance Always budget whole dollars Beware that expenses are allowed unless the RFP specifically prohibits* *Must align with OMB A-21 see handout /Proposal/budget/allowablecosts.htm </li> <li> Slide 6 </li> <li> Resources You Will Need Kristin Wetherbee- Ext. 3-0908 Salary schedules CAH process UCF Rates: Fringe, Travel, &amp; Indirect Cost (F&amp;A) ms/Proposal/factsheets.html </li> <li> Slide 7 </li> <li> Types of Costs Personnel Expenses Equipment/Capital Outlay Participants Subcontracts Match or Cost Share Indirect Cost </li> <li> Slide 8 </li> <li> Personnel Costs Personnel may be the largest part of your budget So estimate these costs early (after indirect)! Salaries and fringe benefits are calculated as separate costs on the forms. </li> <li> Slide 9 </li> <li> Salaries Follow UCFs salary schedules (see Kristin) The project year may not be the same as your salary year Add in any special payments or stipends. Factor in a 3% salary increase for multi-year grants (and consider step increases) Full-time employees typically work 2080 hours per year (40 hours/week x 52 weeks/year) </li> <li> Slide 10 </li> <li> Graduate Research Assistant New UCF policies on hiring GRAs and tuition waivers available at: ms/Proposal/forms/GraduateTuitionRegulatio ns.pdf </li> <li> Slide 11 </li> <li> Fringe Benefits 32.11% of full-time salaries (see Kristin) 1.46% of OPS salaries &amp; Adjuncts.01% of student salaries 11.66% Post Doc UCF schedule of fringe benefits ms/Proposal/forms/Fringe_Rates.pdf </li> <li> Slide 12 </li> <li> Personnel Considerations Have you included all required personnel? Two part-time positions may be less expensive than one full-time position. Consider the use of internal staff vs. external staff. Provide (course) release time for project personnel. Make sure the salary classification is appropriate to the job. Supplementing vs. supplanting What happens when the funding ends? </li> <li> Slide 13 </li> <li> Equipment or Capital Outlay Typically refers to equipment, but may include Some library costs Construction Equipment nonexpendable property over $1,000 useful life of more than one year This includes software purchase with the same dollar value. </li> <li> Slide 14 </li> <li> Equipment Equipment below $1,000 threshold should be placed in the supplies or other direct cost budget line item ($5,000 federal) Bidding or estimating costs. Capital equipment purchases from any source of funds over $10,000, which must have CAH approval ms/Contracts_Grants/projmmgt/expenditures. htm </li> <li> Slide 15 </li> <li> Equipment Considerations Limits on equipment You must provide a list with descriptions and per item costs Include costs for shipping, installation, training, maintenance, additional supplies Purchase early and must be tracked Transfer of ownership </li> <li> Slide 16 </li> <li> Participant Costs Typical costs include: Training (tuition, books, materials, fees) Stipends or honoraria Meals Lodging Travel Miscellaneous (art materials &amp; supplies, insurance, training materials, etc.) </li> <li> Slide 17 </li> <li> Participant Cost Considerations Calculate the cost per participant There may be a limit on this cost Some costs may be disallowed T-shirts Food </li> <li> Slide 18 </li> <li> Expenses Typically includes: Materials &amp; supplies Travel (must indicate international) Contractual services (consultants, other) Tuition Other Optional to factor in increase- Tuition - 5% Travel - 10% </li> <li> Slide 19 </li> <li> Travel Often treated separately Provide detailed calculation Airfare (domestic carrier) Mileage to/from the airport Tolls Airport parking Airport transfer Lodging (including taxes) Meal allowance Local transportation Baggage handling (misc) Conference registration </li> <li> Slide 20 </li> <li> Other Expenses Publications/Printing Postage Maintenance agreements Telephone Special fees Honoraria </li> <li> Slide 21 </li> <li> Expense Considerations Think about hidden costs to the organization Make sure its allowable (ask Kristin or ORC) OMB circular A-21 Other guidelines RFP </li> <li> Slide 22 </li> <li> Contract Services Employee or contractor? Special Consultants Maximum day rate? Ask ORC Vendor Contracts Negotiated by procurement, not faculty </li> <li> Slide 23 </li> <li> Maximum Salary Rates Agency Max. Rate U.S. Dept. of Education No Specific Limit except $513/day for Rehabilitation Training Program grants National Endowment of the Humanities None Specified National Endowment of the Arts None Specified National Aeronautics &amp; Space Administration (NASA) Up to Level IV of the Executive Schedule (exclusive of expenses and indirect costs ) National Institute of Health (NIH) None Specified Note: The NIH salary cap does not apply to payments made to consultants. National Science Foundation (NSF) $537/day </li> <li> Slide 24 </li> <li> Slide 25 </li> <li> Subcontracts or Sub-awards You will must obtain 3 items: 1. Letter of Commitment with authorized signature 2. Detailed Statement of Work Deliverables Timeline (consider your start/end dates) 3. Detailed Itemized Budget &amp; Narrative (call me if you need examples) </li> <li> Slide 26 </li> <li> Subcontracts Subcontracts in excess of $1,000,000 must receive approval from UCF President Subcontracts in excess of $50,000 require bid process Over 50% of total $ - ORC approval UCF charges facilities and administrative costs (F&amp;A) on the first $25,000 of each subcontract through the life of the project period. </li> <li> Slide 27 </li> <li> Subcontract Considerations Recommend discussing with OOR Contracts Manager (terms &amp; conditions) UCF has a standard contract form If you name a contractor in a proposal, it may be binding. the disclosure should include a clear description of the work to be performed, and the basis for selection of the subawardee (except for collaborative/joint arrangements) </li> <li> Slide 28 </li> <li> Cost Share or Match Is it required? Cash match In-Kind Contributions Calculate as if in the budget How much MORE will the program cost? What have you not included? </li> <li> Slide 29 </li> <li> Cost Share or Match Reasonable, justifiable, and verifiable Cash or in-kind Cant match federal grants with other federal funds Dont use the same match twice. Third party in-kind must be tracked just like UCF cost share ams/Contracts_Grants/projmmgt/ucf_costsha re.htm ams/Contracts_Grants/projmmgt/ucf_costsha re.htm </li> <li> Slide 30 </li> <li> Cost Share or Match Sources UCF Federal Match Program Faculty FTE (.05 -.10 FTE) Always requires department/CAH approval New equipment purchases Service Learning volunteer (tracking) Building space (off campus not UCF) Must document </li> <li> Slide 31 </li> <li> Cost Share Considerations Must fund and track (must be allocable) Legal commitment Subject to audit Make sure costs arent part of the indirect calculation Match account handled by CAH Watch grant budget dates and fiscal year budget dates </li> <li> Slide 32 </li> <li> Indirect Costs Also called Facilities &amp; Administrative costs (F&amp;A) or overhead Costs borne by UCF to support sponsored projects that cannot be clearly identified with a specific project Includes: Infrastructure Facilities Administration (26% maximum) </li> <li> Slide 33 </li> <li> Federally approved indirect cost rate ms/Proposal/F_A_Summary_of_Rates.html Recovering indirect costs can be significant Estimate these costs first! $250,000 / 1.44 = $173,611 Total Cost available = $76,389 Indirect Costs Sometimes limited or disallowed by funders Indirect Costs </li> <li> Slide 34 </li> <li> Distribution of Indirect 55% Office of Research &amp; Commercialization 45% College of Arts &amp; Humanities 10% Department 10% Principal Investigator The departmental and PI portions will be deposited into to separate accounts. Each department or program must keep accurate records on indirect dollars. </li> <li> Slide 35 </li> <li> Indirect Cost Considerations Understand the costs that have been included in UCFs calculation of the indirect cost rate These costs CANNOT be budgeted as direct costs Understand your policy about indirect UCF requires a written statement from the funder to disallow indirect How is indirect used? </li> <li> Slide 36 </li> <li> Budget Narrative Make your case that the budget is reasonable, appropriate, and adequate. Describe the policies that govern your budgetary decisions. Provide detail about items to be purchased. Indicate how costs were calculated. Insert parts of the spreadsheet as tables. Make sure the budget narrative is consistent with the grant narrative. </li> <li> Slide 37 </li> <li> Thank you! Any questions: College of Arts &amp; Humanities Kristin Wetherbee, x3-0908, Office of Research &amp; Commercialization Celeste Rivera-Nuez, Paula Seigler, x2-1155, x2-1129 Jo Ann Smith 407-823-2223 </li> </ul>


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