Cost Pools and Budget Proposals for NIH & NSF Grants
Explore the intricacies of cost pools and budget proposals for NIH & NSF grants, including direct and indirect costs, budget limits, types of expenses, and the proper allocation of costs to maximize recovery and profit.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
NIH & NSF BUDGET PROPOSALS Anthony Faugno CPA anthony.faugno@eisneramper.com 732.243.7292 September 30, 2016
NIH & NSF Budget NIH Phase I: $150,000 budget limit Phase II: $1,000,000 budget limit Agencies can go 50% higher NSF Phase I: $225,000 budget limit Phase Il: $750,000 budget limit Budget justification often omitted by applicants 2
Types of Expenses Expense Direct Indirect Contract 1 Fringe Overhead Labor Materials Subcontractors Contract 2 G & A Contract 3 Unallowable 3
Cost Pools Direct Cost Any cost that can be identified with a final cost objective (i.e. a contract/grant/job/task) Not limited to items incorporated in end product as material or labor If you didn t have the contract, would you still incur the cost? Examples: labor, subcontractors/consultants, materials Subcontractors and consultants 4
Cost Pools Indirect Cost Any cost that cannot be identified with one final cost objective but benefits multiple cost objectives Allows for recovery of operating costs not associated with a specific job No two companies are the same Further segregated into subcategories: Fringe (health insurance) Overhead (rent) General & Administrative (G&A) (professional fees) Unallowable 5
Cost Pools Indirect Cost (continued) NIH: either a negotiated rate or 40% alternative rate with no questions asked NSF: either a negotiated rate or de minimus 10% rate 6
Cost Pools Unallowable Cost Any cost that cannot be included in prices, cost reimbursements or settlements under a government contract to which it is allocable Any cost specifically stated to be unallowable FAR Part 31.205 7
Objective of Proper Cost Pools Maximize cost recovery Profit/fee 8
This publication is intended to provide general information to our clients and friends, It does not constitute accounting, tax, or legal advice; nor is it intended to convey a thorough treatment of the subject matter.
