[Peris-listserv] Why does MyFunding have a blended indirect cost rate?

[Peris Team]

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The new Sponsored Projects Facilities and Administrative (F&A) indirect cost rates for fiscal years 2020 -2023<https://www.osp.pitt.edu/fa-rates-fy20-fy23> are now reflected in MyFunding and should be used immediately in proposal applications.

MyFunding displays a blended (average) indirect cost (IDC) rate when the budget period crosses fiscal years (FY) that have different indirect cost rates.

In the example below, Period 3 crosses fiscal years 2022 and 2023. The IDC rates for FY22 and FY23 are 56.5% and 59%, respectively. Therefore, the IDC rate for Period 3 is displayed as a blended (average) rate of 57.76%.

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Please note:  Blended rates are calculated automatically in MyFunding for internal purposes only to show the effective rate for the budget period. For all proposals submitted system-to-system<https://electronicresearch.pitt.edu/glossary-of-terms/#s>, the SF-424 application Research & Related Budget will display the IDC rates separately as required by the agency (please see section H. of the SF-424 application below).

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