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Get the free ORA-Facilities and Administrative Rate Exception Form-010115.pdf

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Lundquist Institute for Biomedical Innovation at Harbor UCLA Medical Center Office of Research AdministrationFACILTIES & ADMINISTRATION (F&A) RATE EXCEPTION Investigator\'s Name: Email:Phone Number:Department:Division:Proposal
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How to fill out ora-facilities and administrative rate

01
Gather all relevant financial data related to facilities and administrative costs.
02
Calculate the total facilities and administrative costs incurred by the organization.
03
Determine the appropriate base for allocating these costs, such as direct labor hours or square footage.
04
Apply the predetermined rate to the base to determine the allocated costs for each department or project.
05
Review and adjust the rate periodically to ensure it accurately reflects the organization's costs.

Who needs ora-facilities and administrative rate?

01
Organizations that receive federal funding or grants typically need to calculate and apply an ora-facilities and administrative rate.
02
Non-profit organizations, universities, and research institutions also often use ora-facilities and administrative rates to allocate indirect costs to specific projects or programs.
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The ora-facilities and administrative rate is the percentage used to calculate indirect costs for sponsored projects.
Universities and research institutions that receive federal funding for sponsored projects are required to file ora-facilities and administrative rate.
The ora-facilities and administrative rate is typically calculated by the institution's finance or grants management department using a predetermined formula.
The purpose of ora-facilities and administrative rate is to reimburse institutions for the indirect costs associated with sponsored projects.
The ora-facilities and administrative rate must include information such as labor costs, facilities costs, and administrative costs.
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