Published July 26, 2019
Sponsored Project Accounting (SPA) has compiled a list of funds affected by the overhead rate change from 55.5% to 57% as of 7/1/19. Now that FY19 is closed, departments with funds on this list need to review the budget summary as of June FY19 to determine how much directs you may need to rebudget to indirects. See the Facilities & Administrative Cost (F&A) Rebudgeting template, also found on the STAR website Resources’ Tools Library -> Overhead -> F&A Budget Adj. Calculation File.
If you have questions, please reach out to your contacts in Sponsored Projects Accounting.