Steps: Manage Facilities and Administration Costs
Set up award costs processing rules for your company.
For awards with cost reimbursable and fixed amount award lines, you can calculate facilities and administration costs (F&A) by:
- Mapping your internal cost categories with sponsor requirements.
- Creating cost basis types, cost rate types, rate agreements, and revenue allocation profiles to specify on your award lines.
- Defining any F&A exceptions that you want to apply to the award line.
- Create object classes to match your internal cost categories with the cost categories from your sponsor.
- Create cost basis types to define the object classes that you want to generate award costs for.
- Create F&A rate agreements to define F&A rates for the different cost basis types.
- Specify how you want to distribute the F&A revenue from sponsor reimbursement or cost share to organizations or worktags.
- Specify how you want to distribute any waived F&A costs to organizations or worktags.
- (Optional) Create Facilities and Administration Exceptions.You can use F&A exceptions to:
- Override the rate agreement for F&A with an award-specific rate.
- Override the cost basis type for F&A with an award-specific cost basis type.
- Waive a portion of the F&A costs on an award.
- (Optional) Reprocess Award Costs.When you make changes that might impact F&A calculation, you can reprocess the award costs to correct the F&A and revenue amounts.