As part of the Oracle Financials Cloud implementation, the Office of Sponsored Programs (“OSP”) has reduced the number and complexity of the recovered Facilities & Administrative (“F&A”) cost allocation rules that have to be written and maintained. For this reason, OSP will now only allocate F&A using the following methods:
- The standard allocation per Policy # 6100 — VP of Finance & Administration (15%), Department/School (30%), College (20%) and VP of Research and Economic Development (35%);
- 100% to one account (e.g., F&A reinvestment);
- Recognized Centers and Institutes per Policy # 5000 — VP Finance & Administration (15%), Center/Institute (50%) and VP of Research and Economic Development (35%); and
- No F&A permitted.