Fringe Benefit Rates and Approval Timeline for Proposal Submissions
Explore fringe benefit rates and approval timeline for proposal submissions, including resources and notes to help navigate the process effectively. Understand the DHHS approval process and how to utilize preliminary rates for future fiscal year budgets to ensure smooth budgeting.
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Presentation Transcript
Fringe Benefit Rates for Proposals March 2018 MRAM Carol Rhodes Office of Sponsored Programs
Sample Benefit Rate Approval Timeline for Proposal Submissions DHHS approval may not happen until next FY Preliminary Rates proposed to DHHS in Benefit Rate Table & SAGE Budget Available rates active 1st FY payroll (July 1- July 15), even if not yet approved by Department of Health & Human Services (DHHS). Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan FY Begin July 1 FY End June 30 DHHS Next Fiscal Year Rates Estimates available approves rates Proposal Submission: approved rates for current FY budgets & preliminary for future FY Proposal Submission: Use preliminary rates for future FY budgets
Fringe Benefit Rate Notes & Resources UW Finance system charges active rates regardless of what s in proposal. Most sponsors allow preliminary rate estimates in proposals. Some sponsors ONLY allow current approved rates from rate agreement, even if budget includes later years. Contact OSP to work with these sponsors. Budget years that cross the current fiscal year and future fiscal year? Use current approved rate & preliminary rate, prorate accordingly. Resources: > Fringe Benefit Load Rate page: preliminary estimates posted > Preliminary rates in Rate Table & SAGE Budget after proposal submitted to DHHS > Fringe Benefit Rate table and SAGE Budget have current active rates.
