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<p class="MsoNormal" style="text-align:justify"><span style="font-family:Roboto;color:black">In response to user feedback, the Facilities and Administrative (F&A)/indirect cost (IDC) rate calculations for blended rates have been updated in MyFunding.
<o:p></o:p></span></p>
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<p class="MsoNormal" style="text-align:justify"><span style="font-family:Roboto;color:black">MyFunding displays a blended (average) IDC rate when the budget period crosses fiscal years (FY) that have different IDC rates. The blended rate has been updated to
calculate by months instead of by days to align with user spreadsheet calculations.<o:p></o:p></span></p>
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<p class="MsoNormal" style="text-align:justify"><span style="font-family:Roboto;color:black">For example in Figure 1, Period 1 crosses fiscal years 2021 and 2022. The IDC rates for FY21 and FY22 are 56.5% and 59%, respectively. Therefore, the IDC rate for Period
1 is displayed as a blended (average) rate of 57.75%.<o:p></o:p></span></p>
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<p class="MsoNormal" style="text-align:justify"><span style="font-family:Roboto;color:black">Figure 1.<o:p></o:p></span></p>
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<p class="MsoNormal" style="text-align:justify"><b><span style="font-family:Roboto;color:black">Please note:</span></b><span style="font-family:Roboto;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 <a name="_Hlk30512577">
</a><a href="https://electronicresearch.pitt.edu/glossary-of-terms/#s"><span style="mso-bookmark:_Hlk30512577">system-to-system</span><span style="mso-bookmark:_Hlk30512577"></span></a> (i.e. via Grants.Gov), the
</span><a href="https://electronicresearch.pitt.edu/glossary-of-terms/#s"><span style="font-family:Roboto">SF-424</span></a><span style="font-family:Roboto;color:black"> application Research & Related Budget will display the IDC rates separately as required
by the agency (see Figure 2 for example).<o:p></o:p></span></p>
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<p class="MsoNormal" style="text-align:justify"><span style="font-family:Roboto;color:black">Figure 2. Section H. of the SF-424 application<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:Roboto;color:black">For any questions related to the PERIS™ project, using MyFunding, or to arrange training, please email
</span><span style="font-family:Roboto"><a href="mailto:peristeam@pitt.edu"><span style="color:blue">peristeam@pitt.edu</span></a><span style="color:black">, or visit the
</span><a href="https://nam12.safelinks.protection.outlook.com/?url=https%3A%2F%2Furldefense.com%2Fv3%2F__http%3A%2Felectronicresearch.pitt.edu%2F__%3B!!NHLzug!f7Ky1erK5Au07fKZIuAdt5EG9w16lGvD368Dl9tesvADLotQedIDOgWjqlaTFRchuw%24&data=04%7C01%7Cperisteam%40pitt.edu%7C85f6ececb6814497467208d96cbb0e9c%7C9ef9f489e0a04eeb87cc3a526112fd0d%7C1%7C0%7C637660372921248047%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=ZKMGlNHFDsbnAI6DYDuW6bJ1oOis7Em7JpH9VbVXSYw%3D&reserved=0"><span style="color:blue">project
website</span></a><span style="color:black"> for more information. <o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family:Roboto;color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:Roboto"><a href="https://nam12.safelinks.protection.outlook.com/?url=https%3A%2F%2Furldefense.com%2Fv3%2F__https%3A%2Flist.pitt.edu%2Fmailman%2Flistinfo%2Fperis-listserv__%3B!!NHLzug!f7Ky1erK5Au07fKZIuAdt5EG9w16lGvD368Dl9tesvADLotQedIDOgWjqlbh4x8W2w%24&data=04%7C01%7Cperisteam%40pitt.edu%7C85f6ececb6814497467208d96cbb0e9c%7C9ef9f489e0a04eeb87cc3a526112fd0d%7C1%7C0%7C637660372921248047%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=pHP%2BksdHtS%2Bey%2BiQkWkF87iz0ivE8llaM%2FGWCTUVRQ4%3D&reserved=0"><span style="color:blue">Sign-up</span></a><span style="color:black">
for or </span><a href="mailto:peristeam@pitt.edu?subject=Unsubscribe%20from%20PERIS%20Listserv"><span style="color:blue">unsubscribe</span></a><span style="color:black"> from the PERIS ™ Listserv.</span><span style="color:#1F497D"><o:p></o:p></span></span></p>
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