The Office of Naval Research has recently issued provisional (temporary) F&A rates for Michigan Tech. Although these rates were effective as of July 1, 2009, they are to be used in Sponsored Programs budgets that have a proposal submission deadline on or after August 1, 2009.
What does this mean for sponsored projects? For existing projects and incrementally funded projects, the rates in effect at the time the project was awarded will continue to be charged. For projects awarded under the provisional rates, the provisional rate will be charged until the pre-determined (final) rate agreements are fully-executed. Incrementally funded projects exist when incremental awards will be received throughout the approved project period referenced in the original agreement; therefore, these project F&A rates would remain the same. The new rates will apply to supplemental or additional proposals where funding is being requested for work beyond what was contained in the original agreement. When awarded, the supplemental and additional funding will generally be given a new index number in order to account for the different rates.
The current provisional rate agreement can be found on the Sponsored Programs Office website at http://www.mtu.edu/research/references/facts-figures/.