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UFIR



Budgets, Justifications and Consortia
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Permanent Link: http://ufdc.ufl.edu/IR00001566/00001
 Material Information
Title: Budgets, Justifications and Consortia
Physical Description: Powerpoint presentation
Creator: Conlon, Michael
Publisher: University of FLorida
Place of Publication: Gainesville, Florida
Publication Date: March 13, 2013
 Notes
Acquisition: Collected for University of Florida's Institutional Repository by the UFIR Self-Submittal tool. Submitted by Michael Conlon.
Publication Status: Published
 Record Information
Source Institution: University of Florida Institutional Repository
Holding Location: University of Florida
Rights Management: All rights reserved by the submitter.
System ID: IR00001566:00001

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Budgets, Budget Justifications and Consortia Michael Conlon, PhD Chief Operating Officer UF Clinical and Translational Science Institute

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Budget

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The budget sets the scale for the scientific work to be accomplished

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If the budget is too big for the proposed work, your proposal will not be funded

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If the proposed work is too big for the proposed budget, your proposal will not be funded

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If your budget is unclear or incomplete, your proposal will not be funded

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Consistency is key: Text = Budget = Budget Justification

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Every budget is tight

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Plan ahea

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Salary, Equipment, Supplies, Tuition, Consultants, Participant Costs, Travel

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Budget Justification

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The budget justification is your opportunity to show the reviewers you not only know what must be done (science) but how it will be done at UF

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Every item in the budget requires a justification

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If time or resources will be provided by others to your work, you must have a letter from them documenting the committed resources

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Salary + Fringe: Time must be spent on the grant Match effort reporting

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Equipment: The purchase must be required for the proposed work The equipment must be dedicated to the proposed work

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Supplies: All items justified All costs reasonable Costs must be attributable to the proposed work

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Tuition: UF in state graduate student tuition is $12,590* 12 credit hours. http://www.sfa.ufl.edu/basics/cost of attendance/

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Consultants: Simple agreements for services Include Letters

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Patient Care Costs: Work with the CRC Work with RAC

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Travel: Every trip should be justified Costs should be consistent and reasonable

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Direct and Indirect Costs

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Indirect Costs p ay for the things you space, electricity, furniture, administrative staff

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UF returns a portion of indirect costs to the dean, chair, center and principal investigator

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The UF indirect cost rate is 49%* *Other rates may apply. See: http ://research.ufl.edu/research/proposal/fa rates.html

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UF uses Modified Total Direct Costs (MTDC) to budget indirect costs* *Unless funding agency requires a different base.

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Example Item Included in MTDC? Amount Salary+Fringe Yes $100,000 Supplies Yes $15,000 Tuition No $12,000 Patient Care No $40,000 Consultant Yes $20,000 Equipment No $50,000 Travel Yes $20,000 Total Direct Costs $265,000 Total MTDC $155,000 Indirect Costs (49% of Total MTDC) $75,950 Total Budget (Direct + Indirect) $340,950

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Consortia

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A consortia is a legal agreement between research institutions to participate in the work if funded

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Allow a minimum of three months to create the consortium for your proposal

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Decide who is in the consortium

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Decide the work to be performed by each consortium member

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Decide the budget for each consortium member

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Consortium members pay indirect costs at the rate of their home institutions

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In addition, you pay up to $25,000 in indirect costs for each consortium member

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Work with an experienced grant administrator and the Division of Sponsored Research in developing your consortium

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Questions?