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<p class="MsoNormal"><img width="786" height="145" style="width:8.1875in;height:1.5104in" id="_x0000_i1025" src="cid:image001.jpg@01D5D688.9FA03270" alt="A close up of a sign
Description automatically generated"><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:#666666;background:white"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><span style="color:black">The new Sponsored Projects Facilities and Administrative (F&A)</span><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:#666666;background:white">
</span><span class="MsoHyperlink"><span style="color:blue"><a href="https://www.osp.pitt.edu/fa-rates-fy20-fy23"><span style="color:blue">indirect cost rates for fiscal years 2020 -2023</span></a></span></span><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:#666666;background:white">
</span><span style="color:black">are now reflected in MyFunding and should be used immediately in proposal applications.</span><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:#666666;background:white"><o:p></o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:#666666;background:white"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><span style="color:black">MyFunding displays a blended (average) indirect cost (IDC) rate when the budget period crosses fiscal years (FY) that have different indirect cost rates.</span><span style="color:black"><o:p></o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><span style="color:black"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><span style="color:black">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%.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:red;background:white"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><img border="0" width="578" height="215" style="width:6.0208in;height:2.2395in" id="_x0000_i1026" src="cid:image002.png@01D5D688.9FA03270"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p></o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><b><u><span style="color:black">Please note</span></u></b><span style="color:black">:</span><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:#666666;background:white">
</span><span style="color:black">Blended rates are calculated automatically in MyFunding for internal purposes only to show the effective rate for the budget period. For all proposals submitted
</span><a name="_Hlk30512577"></a><a href="https://electronicresearch.pitt.edu/glossary-of-terms/#s"><span style="mso-bookmark:_Hlk30512577"><span style="color:blue">system-to-system</span></span><span style="mso-bookmark:_Hlk30512577"></span></a><span style="mso-bookmark:_Hlk30512577"></span><span style="color:black">,
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).</span><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:#666666;background:white"><o:p></o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:#666666;background:white"><o:p> </o:p></span></p>
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<p class="MsoNormal"><img border="0" width="1050" height="141" style="width:10.9375in;height:1.4687in" id="_x0000_i1028" src="cid:image004.jpg@01D5D688.9FA03270"><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:#666666;background:white"><o:p></o:p></span></p>
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<span lang="EN" style="color:#333333"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:8.0pt;line-height:105%"><a name="_Hlk22294775"><span style="color:black">For any questions related to the PERIS™ project, using MyFunding<i>,
</i>or to arrange training, please email </span></a><span class="MsoHyperlink"><span style="color:blue"><a href="mailto:peristeam@pitt.edu"><span style="color:blue">peristeam@pitt.edu</span></a></span></span><span style="color:black">, or visit the
</span><a href="http://electronicresearch.pitt.edu/"><span style="color:blue">project website</span></a><span style="color:black"> for more information.</span><o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:8.0pt;line-height:105%"><span style="color:black">To sign-up for the PERIS ™ Listserv, please visit
</span><a href="https://list.pitt.edu/mailman/listinfo/peris-listserv"><span style="color:blue">https://list.pitt.edu/mailman/listinfo/peris-listserv</span></a><span style="color:black">.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">To unsubscribe from the PERIS™ Listserv, please click
</span><a href="mailto:peristeam@pitt.edu?subject=Unsubscribe%20from%20PERIS%20Listserv"><span style="color:blue">here</span></a><span style="color:black">.</span><span style="color:#1F497D"><o:p></o:p></span></p>
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