University of Vermont

Cost Accounting Services

Space Survey Overview What are Facilities and Administrative costs? 
 
F&A costs are those that are incurred for common or joint objectives and therefore cannot be identified readily and specifically with a particular sponsored project, an instructional activity, or any other institutional activity. 

UVM's application of the OMB Circular A-21 definitions of Facilities and Administration costs are the following broad categories of costs:
 

Cost Categories
Cost Groups
Facilities
Building Depreciation Expense
   (uncapped) Movable Equipment Depreciation Expense

Operation and Maintenance expenses including debt financing costs and facilities administration costs

Library expenses
Administration
General Administration expenses
    (capped at 26.0%) Departmental administration

Sponsored Projects Administration

Student administration and services

Base of Rate = Modified Total Direct Costs of Major Function

Modified total direct costs = Salaries & wages, fringe benefits, materials, supplies, services, travel, subgrants and subcontracts up to the first $25,000 of each subgrant or subcontract (regardless of the period covered by the subgrant or subcontract).

Base Exclusions -  Modified total direct costs shall exclude equipment, capital expenditures, charges for patient care, tuition remission, rental costs of off-site facilities, scholarships, and fellowships as well as the portion of each subgrant and subcontract in excess of $25,000.


Last modified November 23 2013 08:00 AM

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