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ULAM Billing Changes

ULAM Billing Changes. Financial Unit Liaison Meeting June 16, 2010 Diane Winter Financial Operations. University Lab Animal Medicine. Effective July 1, 2010 Change in Costing Model Effects less than 10 schools/institutes Sponsored Awards ONLY. PRE July 1, 2010.

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ULAM Billing Changes

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  1. ULAMBilling Changes Financial Unit Liaison Meeting June 16, 2010 Diane Winter Financial Operations

  2. University Lab Animal Medicine Effective July 1, 2010 • Change in Costing Model • Effects less than 10 schools/institutes • Sponsored Awards ONLY

  3. PRE July 1, 2010 • ULAM charged sponsored awards a per diem cost that included both the direct cost and the indirect cost as a direct cost to the sponsored award (aka “Baked Rate”). • Sponsor Budget: Direct Cost XXX Indirect Cost YYY(Negotiated IC rate x MTDC*) Total Cost ZZZ *MTDC excludes ULAM direct costs ULAM DC + IC

  4. July 1, 2010 and Future • ULAM will charge sponsored awards a per diem cost that is ONLY the direct cost . The Indirect will be an auto calculation at month end based on the negotiated indirect cost rate. • Sponsor Budget: Direct Cost XXX Indirect Cost YYY (Negotiated IC rate x MTDC*) Total Cost ZZZ *MTDC includes ULAM direct costs ULAM DC only

  5. What Does This Mean? • For awards that were awarded under the “old” model you could have an overdraft. • ULAM’s IC rate was 39.5% • FY 2010 most Federal Awards IC is 54.5% • Sponsored Programs will remain status quo • Monitor BOTTOM line – Total Costs

  6. What Does This Mean? • Need to know your school/college/institute’s policy for overdraft caused by change in methodology • Some have told us that they will centrally support overdraft caused by change in methodology • Change budgeting model for future proposals

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