F&A Re-Budget and Expenditure Adjustment Verification

How can I check the adjustments already posted to my budget is correct?


To check the accuracy actual F&A expenditures:

1.Pull up the Budget Summary as of May 2011 or later in MyFD
2.Sum up the Total Transactions for all account codes (object/sub-object codes) subject to MTDCi.
3.Multiply that sum by 54%.
4.Compare your result in Step #3. to the Total Transactions amount of Account Code (object code) 25 “Indirect Cost.”  If the two amounts match, the adjustment was processed correctly.  If not and the difference is significant, please contact gcahelp@uw.edu.  Small rounding differences are okay.

To check the accuracy of the budgeted F&A:

1.Pull up the Budget Summary as of April 2011 MyFD
2.Divide the Budgeted Amount of Account Code (object code) 25 “Indirect Cost” by 56%.  This represented budgeted MTDC.
3.Multiply budgeted MTDC by 54%.   This represents what the newly budgeted F&A should be at 54%.
4.Pull up the Budget Summary as of May 2011 or later in MyFD.
5.Compare your result from Step #3. to the Budgeted Amount of Account Code (object code) 25 “Indirect Cost.”  If the two amounts match, the adjustment was processed correctly.  If the amounts do not match, determine whether any rebudgeting has been done since May 2011.  If so, that should be taken into account.  If you still cannot reconcile to the budgeted F&A, please contact gcahelp@uw.edu.   Small rounding differences are okay.

 

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