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. 

Per the applicable federal regulations UVM's application of  definitions of Facilities and Administration costs are the following broad categories of costs:

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

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

Library expenses
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 subaward).

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, participant support costs and the portion of each subaward in excess of $25,000.

Last modified February 27 2015 07:23 AM