Title

Budget Tools

Not Sure Where To Start?

Use the grant budget template to start building your grant budget. Please use this template to submit with the Accelerated Routing Form.

Student Wages in the Budget Template

Tab

FY 2018-19

FY 2019-20

FY 2020-21

FY 2021-22

Hourly Rate

$11.10

$11.80

$12.50

$13.20

Fringe Rates

Fringe Calculation

Rate (%)

Components

Staff and Faculty: Academic Yr.

32.4

Base rate1, TIAA-CREF2, and insurance3

Summer Students, Staff, and Faculty (and Sabbatical)

8.9

Base rate

Student

1.2

Base rate

  • FICA, Worker’s Comp. = 8.9 %
 
  • 14.3 %

Direct/Indirect Costs

Direct Costs: Costs that are charged directly to sponsored projects and are clearly identified within that project's activity and objectives.

Indirect Costs or Facility and Administrative: Costs that are not directly related to a specific sponsored project and are incurred for common or join objectives, sometimes referred to as overhead.

Current rate: 55.3% of direct salaries and wages, excluding fringe benefits

Need HELP?

Feel free to email or call for any budget assistance.