Facilities and Administrative Cost Policy

Policy 220

Introduction

1.1 This policy has been established to meet the compliance standards set forth in Office of Management and Budget (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. These standards require that all costs incurred for the same purposes, in like circumstances, are treated only as direct costs or as F&A costs. Principal Investigators/Project Directors and administrators involved in sponsored projects must understand and comply with this policy in order to ensure that costs are properly charged and meet federal costing standards.

1.2 This policy and its associated procedures streamline the process for small projects and for many routine transactions as well as create a uniform understanding about how F&A should be shared when there are contributions from more than one college or institute. A transparent, equitable way to allocate the recovered F&A to contributing units is critical in promoting interdisciplinary projects.

Scope

2.1 This policy applies to all externally funded grants, contracts and other restricted agreements supporting sponsored projects at Appalachian.

Definitions

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