Facilities and Administrative Costs Proposal
On January 8, 2003, Chancellor Sorensen announced approval of the Facilities and Administrative Costs Proposal that was reviewed and recommended by the Chancellor's Advisory Council.
The following three-point proposal begins with the 2002-03 fiscal year:
- Invest approximately 30% of the 150 account revenue with the units that generated the indirect cost monies.
For 2002-03, 20% of the 150 account revenue will be returned to the units that generated it.
For 2003-04, it is planned to return 20% of the 150 account revenue to the units that generated it.
The percentage will be reviewed annually with the goal of reaching a 30% return rate. -
Allocation of the remaining funds will be determined by the Chancellor, but it is recommended that the funds be used to cover research related costs such as non-instructional labs, assessment fees, salary and related costs for support areas, and Faculty Research Initiatives.
For 2002-03, the Chancellor has provided funding for Research Services and staff in Business and Financial Services to support research activities. Budget costs in 2002-03 total $334,000, which is 90% of all indirect funds collected. 102 funds subsidize research support for these functions.
The budget approved includes funding for non-instructional labs, system/state fees, support areas, and Faculty Research Initiatives (FRI). For 2002-03 and 2003-04, FRIs will be funded at a level of $25,000 annually. - Allocate monies out to the principal investigators, departments, and colleges/units on a more immediate basis as the funds become available.
Beginning with 2002-03, indirect funds will be allocated to the units quarterly.
The Facilities and Administrative Costs Proposal was prepared on November 21, 2002. If you are interested in reviewing the proposal appendices, contact Research Services at x1126