Indirect Costs Information Archive Memos
Indirect Costs Information Archive Memos
Award Transfer
Since awards are granted to the Institution and not in an individual capacity to the PI, you will need the support of the institution to effect the transfer. Note for newly arriving UMD faculty from other institutions who are transferring awards: Steps should be initiated at your originating institution and your originating Sponsored Research Office should contact ORA well in advance of your arrival. In general, award transfers take on average up to 6 months to complete.
Indirect Costs Information
FAQ’s on Indirect Costs
For frequently asked questions on Indirect Costs, click here.
Cost Share
For those awards subject to the OMB Guidance for Federal Financial Assistance (Uniform Guidance) can be found within this guidance document, such as Section 200.306
Employee Benefits Prior to 7/1/2019
Prior to 7/1/2019 UMD employee benefits were based on the actual costs for each employee and best estimates for budgeting purposes were based on the information below:
Employee Benefits - as of 7/1/2019
When preparing a sponsored project proposal budget, calculations for the sponsor's contribution to employee fringe benefits should be computed using UMD’s approved Fringe Benefit Rates, found on page 3 of the current F&A agreement. Any deficit occurring as a result of underestimating these benefit rates must be covered by transfers from other budget categories in the Grant/Contract or from the departmental/College unrestricted funds.
Fringe Benefits & Stipends
Employee Benefits
As of 7/1/2019, UMD has Fringe Benefit Rates approved by our cognizant audit agency, the Department of Health and Human Services. The approved Fringe Benefit rates are included in UMD’s most recent Indirect Costs agreement. Any deficit occurring as a result of underestimating these benefit rates must be covered by transfers from other budget categories in the Grant/Contract or from the departmental/College unrestricted funds.
Award Transfer
Since awards are granted to the Institution and not in an individual capacity to the PI, you will need the support of the institution to effect the transfer. Note for newly arriving UMD faculty from other institutions who are transferring awards: Steps should be initiated at your originating institution and your originating Sponsored Research Office should contact ORA well in advance of your arrival. In general, award transfers take on average up to 6 months to complete.
Award Management
Post Award Management
The Principal Investigator is responsible for the overall management of his or her sponsored project. Many times, the financial responsibility is managed on the PI’s behalf by a departmental business person. Post award management includes reconciling accounts on a repeating basis to ensure only those reasonable, allocable and allowable expenses are charged to the sponsored project, tracking the effort of key personnel, tracking the performance to ensure that the project is completed in a timely manner and ensuring that the specific award terms are followed.
Spotlight Sessions
ORA's Spotlights are one-hour long, in-depth, refresher learning sessions focused on specific topics involving the managing of sponsored funding. Spotlight sessions are held virtually and made available for on-demand viewing. Click on the link in the Video column to view a session.