Examples of Administrative Cost Rate in a sentence
Within the justification, provide the number of positions being filled in each category of other personnel.Section C EquipmentFor the purpose of this budget, equipment is designated as an item of property that has an acquisition cost of $5,000 or more and an expected service life of more than one year, unless a different threshold is specified in a negotiated Facilities and Administrative Cost Rate.
Approximately $50k is held back annually to fund the Facilities and Administrative Cost Rate Proposal.
See Exhibit A2 for the university Negotiated Facilities and Administrative Cost Rate Agreement.
Indirect costs proposed under the award must be clearly identified as a separate budget line-item.If indirect costs are included in the budget, the applicant must include a copy of its current Facilities and Administrative Cost Rate Agreement or documentation establishing that it has a pending application.
A detailed budget is nevertheless necessary to ensure that the amount being requested from the sponsor adequately covers the cost of the work being proposed and to ensure the appropriate application of the Facilities and Administrative Cost Rate.