budget calculations 1 you’re submitting a three year proposal to nsf and your pi wants to recover...
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Budget Calculations 1You’re submitting a three year proposal to NSF and your PI wants to recover one summer month of compensation per year. Your PI’s institutional base salary is $82,000 and NSF allows for a 3% inflation rate. 1. Find the appropriate fringe
benefit rates. 2. Calculate the salary
increases. 3. Then find the total of
salary and fringe benefits for each of the three years.
Personnel Costs Year One
Start Date July 1
Year Two Year Three
Salary 82,000.00
Fringe Benefit Rate
24.24%
Fringe Benefits $
Total Personnel Costs Per Year
$
Total Project Costs
$
Budget Calculations 2You’re about to finish the budget for a one-year, on-campus proposal and all you have left to do is calculate the F&A rate.
1.Find the correct rate on the website.
2. Calculate the total direct costs, (the F&A to be charged to the grant).
3. Calculate the total project costs.
Line Items
Total Personnel Costs $27,187.00
Travel $5,000.00
Consultants $10,000.00
Other $7,500.00
Total Direct Costs
F&A Rate and Calculated Amount
Total Project Costs
Budget Calculations 3The PI wants you to make some changes to the budget because she now plans to purchase a piece of capital equipment on the project. 1. Using the on-campus rate, calculate the Total Direct Costs, the Modified Total Direct Costs, the F&A to be charged to the grant and the total costs of the project.
Line Items
Total Personnel Costs $27,187.00
Travel $5,000.00
Consultants $10,000.00
Equipment 15,000.00
Other $7,500.00
Total Direct Costs
Modified Total Direct Cost
F&A Rate and Calculated Amount
Total Project Costs
Budget Calculations 4Your PI has identified an expert in the field who works at UNC Chapel Hill. Thinking this will make her proposal more competitive, she wants to add a subcontract to UNC. Using the on-campus rate, calculate the • Total Direct Costs• Modified Total Direct
Costs• F&A to be charged to the
grant and the total costs of the project.
Line Items
Total Personnel Costs $27,187.00
Travel $5,000.00
Consultants $10,000.00
Equipment $15,000.00
Other $7,500.00
Subcontractor $15,000.00
Total Direct Costs
Modified Total Direct Cost
F&A Rate and Calculated Amount
Total Project Costs
Budget Calculations 5The faculty member at UNC-Ch has convinced your PI that they should double their efforts on the grant and seek support for two years instead of one. Using the on-campus rate, calculate the • Total Direct Costs• Modified Total Direct Costs• F&A to be charged to the
grant and the total costs of the project for Year Two.
Line Items Year One Year Two
Total Personnel Costs
$27,187.00 $28,003.00
Travel $5,000.00 $5,000.00
Consultants $10,000.00 $10,000.00
Equipment $15,000.00
Other $7,500.00 $7,500.00
Subcontractor $15,000.00 $15,000.00
Total Direct Costs
Modified Total Direct Cost
F&A Rate and Calculated Amount
Total Project Costs
Budget Calculations 6You’re about to finish the budget for a one-year proposal and all you have left to do is calculate the F&A rate. Most of the work on this project will be conducted in Tanzania. 1. Find the correct rate on
the website 2. Calculate the total direct
costs and F&A to be charged to the grant,
3. Calculate the total project costs.
Line Items
Total Personnel Costs $27,187.00
Travel $5,000.00
Consultants $10,000.00
Other $7,500.00
Total Direct Costs
F&A Rate and Calculated Amount
Total Project Costs
Budget Calculations 7You’re submitting a lump sum budget on a proposal to a foundation. Your PI wants to recover one summer month of compensation next year. Your PI’s institutional base salary is $82,000. 1. Find the appropriate fringe benefit rate, and calculate the total of salary and fringe benefits.
Personnel Costs Year One
Salary
Fringe Benefits Rate and Amount
Total Personnel Costs Per Year
F&A
Total Project Costs