Fringe Benefits are charged using the rate(s) listed in the Fringe Benefits Rate table.
Fringe Benefits include the following:
Vacation, holiday, sick leave pay and other paid absences are included in salaries and wages and are claimed on grants, contracts and other agreements as part of the normal cost for salaries and wages. Separate claims for the costs of these paid absences are not made.
For all activities performed in facilities not owned by the institution and to which rent is directly allocated to the project(s) the off-campus rate will apply. However, grants or contracts will not be subject to more than one F&A cost rate. Therefore, the rate will be determined by how the majority of activity is performed under the project (i.e. off-campus, in an REC, or for Other Sponsored Activities), and that rate will apply to the entire project.
On or prior to June 30, 2011, equipment means an article of nonexpendable tangible personal property having a useful life of more than one year, and an acquisition cost of $1,000 or more per unit.
Effective July 1, 2011, the defined acquisition cost is $5,000.
Cost Analysis: (352) 392-5778
Tax Services: (352) 392-1321