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OFFSET SALARY/FRINGE AUTHORIZATION FORM The department requests authorization to spend offset salary/fringe funds from a Sponsored Project in the following manner.Sponsored Project Account #: 2 ___ PI
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How to fill out fringe rates amp guidelines

01
Gather all necessary information such as fringe benefits offered to employees, labor costs, indirect costs, and overhead costs.
02
Determine the fringe rates by calculating the percentage of fringe benefits to labor costs.
03
Apply the fringe rates to direct labor costs to determine the total fringe benefits costs.
04
Review and update the fringe rates regularly to ensure accuracy and compliance with guidelines.

Who needs fringe rates amp guidelines?

01
Government contractors and subcontractors who need to adhere to government regulations and guidelines.
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Organizations seeking to accurately account for employee benefits and overhead costs in project budgets.

What is Fringe Rates & Guidelines - Office of Sponsored Projects Form?

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Fringe rates and guidelines refer to the costs associated with employee benefits and labor burdens that are added to the base salary of employees. These may include health insurance, retirement contributions, paid leave, and other non-wage compensations.
Organizations that receive federal funding or are involved in government contracts are generally required to file fringe rates and guidelines. This may include contractors, non-profits, and certain educational institutions.
To fill out fringe rates and guidelines, organizations typically need to gather data on all employee benefits, calculate the total fringe benefits as a percentage of salaries, and complete the required forms with this information before submission.
The purpose of fringe rates and guidelines is to ensure transparency and compliance in the reporting of employee benefits costs, which helps in budget planning and accountability in the use of federal funds.
Information that must be reported includes all types of fringe benefits offered, their associated costs, the total fringe rate, and any relevant justifications or calculations that support these figures.
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