Buyout Policy for Externally Sponsored Projects: Difference between revisions
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== Introduction == | == Introduction == | ||
1.1 Appalachian State University encourages faculty, staff and student participation in extramurally funded projects. When appropriate funding is available, externally sponsored research, service and creative activity of the University should be fully supported by extramural funds, to include all project personnel expenses that typically reflect a significant portion of project costs. In particular, all effort of University personnel should be appropriately reflected in project budgets when the budget period intersects with or includes the period of performance during which an individual is under University contract. While under University contract, effort must be direct charged to the project or clearly identified as University effort (normal assignment, release time or matching). | |||
1.2 This policy has been established to meet the compliance standards set forth in the U.S. Office of Management and Budget (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements (2 CFR 200) for federally funded awards, which requires that all costs incurred for the same purpose be treated in like manner. The policy allows faculty to buy out a portion of their contracted workload effort with the University so that they may have more time to engage in research, service, or creative activities. This policy also provides for the reallocation of state salary funds for research development | |||
== Scope == | == Scope == | ||
Revision as of 13:24, 17 December 2015
Policy 221
Introduction
1.1 Appalachian State University encourages faculty, staff and student participation in extramurally funded projects. When appropriate funding is available, externally sponsored research, service and creative activity of the University should be fully supported by extramural funds, to include all project personnel expenses that typically reflect a significant portion of project costs. In particular, all effort of University personnel should be appropriately reflected in project budgets when the budget period intersects with or includes the period of performance during which an individual is under University contract. While under University contract, effort must be direct charged to the project or clearly identified as University effort (normal assignment, release time or matching).
1.2 This policy has been established to meet the compliance standards set forth in the U.S. Office of Management and Budget (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements (2 CFR 200) for federally funded awards, which requires that all costs incurred for the same purpose be treated in like manner. The policy allows faculty to buy out a portion of their contracted workload effort with the University so that they may have more time to engage in research, service, or creative activities. This policy also provides for the reallocation of state salary funds for research development
Scope
Definitions
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