The cost accounting principles for
determining and applying benefit rates are:
- Benefit costs must
be allowable, allocable, reasonable and treated consistently
- Benefit costs assigned to each benefit rate (numerator) are actual costs or are allocated based on salaries/wages (base) of employees receiving the benefits
- Benefit costs related to salaries or wages treated as direct costs on sponsored agreements must also be treated as direct costs
- Benefit costs related to salaries or wages treated as F&A costs must also be treated as F&A costs
- Unallowable costs such as tuition remission for spouse and dependents are not included in the benefit costs of the rates.
- Health insurance for postdoc fellows/trainees are not included in any of the benefit rates.
- Vacation,
holiday, sick leave pay and other paid absences are included
in salaries and wages (base)
These cost principles are based on the Federal Government's OMB Circular A-21 Cost Principles for Higher Education.
Last modified May 08 2012 12:57 PM