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Updated Indirect Cost Return Policy
By Carol Lunn (on 12/16/2015 @ 11:24:42, in Important, read 1181 times)
The Office of Research and Sponsored Programs is pleased to announce two major changes to our return of indirect policy.

1. Since sponsored programs accounting now reports to the Office of Research and Sponsored Programs (ORSP), we are able to provide you with a quarterly return of indirect. The first quarter return was distributed and the second quarter will be distributed at the beginning of the spring semester. This is meant to provide you with more timely information regarding your income in the current fiscal year, and make you aware of any overages or other potential problems in a more timely manner.

2. The college return of indirect now includes a 5% additional return for the Principal Investigators (PI) who have accounts in the college. The PI return is being added to the college return of indirect account, and the deans are managing the funds on behalf of the PIís.

The college will continue to receive the 10% college return of indirect as in previous years. This additional 5% return for PIís is meant as a recognition and reward for their continued efforts on behalf of the university. It is our sincere hope that these funds can facilitate research endeavors.

Board of Regents approved centers and institutes will continue to receive 25% of recovered indirect as in previous years for awards in their area.

Please note these are restricted accounts so the balance will carry forward and the current fringe rate will be used each year. You can refer to the updated version of IMD 85.002 for questions regarding distribution of recovered indirect cost.

Thank you for your continued efforts to encourage research at UNO. If you have any issues with your grants and contracts please do not hesitate to contact us.