F&A Costs definition

F&A Costs means facilities and administrative costs (see also the definition of indirect costs).

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F&A Costs or “Indirect Costs” means those costs that are incurred for common or joint objectives and therefore cannot be identified readily and specifically with a particular Sponsored Project,

F&A Costs means and includes the reasonable fees and disbursements of any financial advisory or consulting firm to Lenders or the Administrative Agent.

Examples of F&A Costs in a sentence

• Unless the non-Federal entity has elected the option under OMB Uniform Guidance, the Federal Government may either disallow all indirect (F&A) costs or unilaterally establish such a plan or rate when the non-Federal entity fails to submit a certified proposal for establishing such a plan or rate in accordance with the requirements.

• In accordance with the applicable cost principles, the recipient must submit an annual indirect cost proposal, reconciled to its financial statements, within six months after the close of the fiscal year, unless the award is based on a predetermined or fixed indirect rate(s), or a fixed amount for indirect or facilities and administration (F&A) costs.

• Direct salary also excludes fringe benefits, overhead, and general and administrative expenses (also referred to as indirect costs or facilities and administrative [F&A] costs).

• Guidelines for determining direct and F&A costs charged to Federal awards are provided in 45 CFR §§75.412 to 75.419.

• F&A costs incurred by a for-profit company collaborating with Grantee in the Project are not eligible for payment by Grantor.

• Effective September 16, 2022, the Employer shall make available annually a pool of funds equivalent to 1% of the previous year’s recovered F&A costs for the purposes of providing bridge funding to assist research faculty who are between externally funded research grants.

• In accordance with the applicable cost principles, the recipient must submit an annual indirect cost proposal, reconciled to its financial statements, within six months after the close of the recipient’s fiscal year, unless the award is based on a predetermined or fixed indirect rate(s), or a fixed amount for indirect or facilities and administration (F&A) costs.

• If no such rate exists, the subrecipient may either negotiate a rate with the pass-through entity and the subrecipient (in compliance with this part), or elect the de minimus indirect cost rate as defined in §200.414 Indirect (F&A) costs, paragraph (f), if eligible.

• Identification with the Federal award rather than the nature of the goods and services involved is the determining factor in distinguishing direct from indirect (F&A) costs of Federal awards.

• Indirect (F&A) costs will not be allowable charges against an award unless permitted under the award and specifically included as a line item in the award’s approved budget.

More Definitions of F&A Costs

F&A Costs or "Indirect Costs" means those costs that are incurred for common or joint objectives and therefore cannot be identified readily and specifically with a particular Sponsored Project, instructional activity or other institutional activity.

F&A Costs means and includes the reasonable fees and disbursements of any financial advisory or consulting firm to Lenders or the Administrative Agent. Facility means, prior to the date of this Agreement, the term loan and $1,000,000 revolving credit facility under this Agreement, and on and after the date of this Agreement, the term loan facility as described in and subject to the limitations set forth in Section 2.01.