Urbana-Champaign: Office of the Propsts – provost.illinois.edu/policies/policies/ The budget is the financial plan for the project or program. It includes both the share of sponsor and non-sponsor in the total cost of the project. The proposed cost of the project consists of direct costs, facilities and administrative costs (R-D) and cost-sharing. Eligible costs are those that are reasonable and appropriate for the sponsored project and are authorized under the university and sponsorship policy. The university`s policy is to request full indirect cost funding for all grant and contract proposals. Non-federal indirect costs are: ”In the absence of written guidance on administrative costs and in accordance with University of Chicago policy, administrative costs were included to the tune of 20% of total direct costs. If the (foundation/association/organisation) has a published directive on the provision of administrative costs, we ask that the notification of this directive be included in the market notice.” Our sponsors recognize the importance of such infrastructure support and reimburse these costs through an accounting mechanism that applies a research and development rate to the total modified direct costs of each project, so that each project (federal and non-federal) pays its fair share of these aid costs. The above percentages apply to Total Direct Costs (MTDCs), which consist of all direct costs, with the exception of equipment, teaching, study mission, participant support, space rental and subcontracting costs of more than $25,000. Changed direct costs, including all direct salaries, ancillary services, supplies, services, travel and up to the first $25,000 of each sub-premium (regardless of the duration of the sub-premium).
The total modified direct costs exclude equipment, capital expenditures, patient care costs, rental fees, study assignments, scholarships and scholarships, participant support costs and the share of each sub-premium of more than $25,000. Other positions can only be excluded if necessary to avoid serious inequality in the distribution of indirect costs, and with the agreement of the cognition agency for indirect costs. Definition of capital equipment: Equipment refers to personal physical property (including computer systems) with a lifespan of more than one year and a unit cost equal to or greater than the level of capitalization set or higher than that set or higher by the non-federal unit for the purpose of a financial statement.