Yes, here is some boilerplate language for use in budget narratives.
The University of Nevada, Reno’s (UNR) approved indirect cost rate is negotiated with our cognizant agency, the Department of Health and Human Services (DHHS). The current approved rates are as follows:
- FY2022 45.5% MTDC On-Campus Organized Research
- FY2023 46% MTDC On-Campus Organized Research
- FY2024 47% MTDC On-Campus Organized Research
The Modified Total Direct Cost (MTDC) base is calculated by excluding capital expenditures (buildings, individual items of equipment, alterations and renovations), the portion of each subaward in excess of $25,000, participant support costs, and graduate student tuition, fees, and insurance.
For budget years that cross FY22-FY24, the indirect costs are calculated by the MTDC base being divided by the number of months the budget year has in one fiscal year and the number of months in another. The applicable rate is then applied to each derived base and summed for a total indirect cost amount. UNR’s fiscal year is July 1 through June 30.
Total calculated F&A for this project is $______________.