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<p class="MsoNormal"><img width="816" height="157" style="width:8.5in;height:1.6354in" id="Picture_x0020_1" src="cid:image001.jpg@01D428B8.DE072250"><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">The University of Pittsburgh publishes annually its <span class="MsoHyperlink">
<a href="https://www.cfo.pitt.edu/rca/ca_rateinfo.html">Sponsored Program Facilities and Administrative (F&A) Cost<s>s</s> Rate Memorandum and corresponding Rate</a> Agreement</span>.
<o:p></o:p></p>
<p class="MsoNormal">The rate memorandum outlines the specific rates for the three major functions or activities under which sponsored projects are carried out by educational institutions: sponsored research, sponsored instruction and training, and other sponsored
activities. The rate memorandum provides definitions of each category and provides a corresponding F&A rate for each type (F&A costs are also commonly referred to as Indirect Costs or IDC). To view the University’s current and previous rate memorandums and
rate agreements, please click <span class="MsoHyperlink"><a href="https://www.cfo.pitt.edu/rca/ca_rateinfo.html">here</a></span>.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b>How does the F&A Cost<s>s</s> Rate Agreement impact budget development in MyFunding?<o:p></o:p></b></p>
<p class="MsoNormal">The MyFunding module of the PERIS™ portal has been programmed in accordance with the University’s current rate agreement to assist with the correct application of the rates during proposal development. The F&A cost<s>s</s> rate applied
from the rate agreement is dependent upon the project purpose selected in Question 6 of the ‘General Proposal Information’ page (shown below). Selecting the inappropriate project purpose will result in budget miscalculations and in an incorrect application
of the F&A cost<s>s</s> rates, resulting in non-compliance with 2 CFR Part 200 (<span class="MsoHyperlink"><a href="https://www.ecfr.gov/cgi-bin/text-idx?SID=4a0453d6d8074b6189d20a20465ed163&mc=true&node=pt2.1.200&rgn=div5">Uniform Guidance</a></span>).
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b>Developing a Budget that uses Standard Rates<o:p></o:p></b></p>
<p class="MsoNormal">When developing a budget in the MyFunding module that uses <b>
<i>any</i></b> of the standard rates found in the current rate agreement, Question 5 on the ‘General Budget Information’ page should be marked ‘Yes’, as shown below:<o:p></o:p></p>
<p class="MsoNormal"><img border="0" width="544" height="155" style="width:5.6666in;height:1.6145in" id="Picture_x0020_3" src="cid:image003.jpg@01D428B8.DE072250"><o:p></o:p></p>
<p class="MsoNormal">By selecting ‘Yes’ to this question, the MyFunding module will apply the appropriate rate to the budget.
<o:p></o:p></p>
<p class="MsoNormal"><b><o:p> </o:p></b></p>
<p class="MsoNormal"><b>Developing a Budget that does not use Standard Rate<o:p></o:p></b></p>
<p class="MsoNormal">When developing a budget in the MyFunding module that <b><i>does not</i></b> use the standard rates found in the current rate agreement, Question 5 should be marked ‘No’, which will allow the user to enter the rate to be applied and the
reason why the standard rate is not being used (see below example): <o:p></o:p></p>
<p class="MsoNormal"><img border="0" width="530" height="292" style="width:5.5208in;height:3.0416in" id="Picture_x0020_2" src="cid:image004.jpg@01D428B8.DE072250"><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">For any questions related to the PERIS™ project, using MyFunding<i>,
</i>or to arrange training, please email <span class="MsoHyperlink"><a href="mailto:perisproject@pitt.edu">perisproject@pitt.edu</a></span>, or visit the
<span class="MsoHyperlink"><a href="http://electronicresearch.pitt.edu/">project website</a></span> for more information.<o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal">To sign-up for the PERIS ™ Listserv, please visit <span class="MsoHyperlink">
<a href="https://list.pitt.edu/mailman/listinfo/peris-listserv">https://list.pitt.edu/mailman/listinfo/peris-listserv</a></span><span style="color:#1F497D">.<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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