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The Finance and Audit (F&A) Committee is expected to consider F&A Committee Agenda Item 7: Recommendation regarding Acceptance, Adoption and Approval of 20242025 Budget and Fee at its meeting on December
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Understanding facilities and administrative refers to the agreement between an organization and a funding agency regarding the reimbursement of indirect costs associated with sponsored projects.
Universities, research institutions, and other organizations receiving funding from federal agencies are typically required to file understanding facilities and administrative.
Understanding facilities and administrative forms can usually be filled out online or submitted through the specific funding agency's portal.
The purpose of understanding facilities and administrative is to establish the indirect cost rate that will be reimbursed by the funding agency for sponsored projects.
Information such as the organization's indirect cost rate calculation, overhead expenses, and justification for the rate must be reported on understanding facilities and administrative.
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