Determining the Amount of Cost Share Committed
Faculty without Clinical Salary
- Determine the percent of effort pledged and multiply by the institutional base salary (IBS). IBS includes regular (REG) and summer (SUM) pay, paid professional leave (PLP), administrative supplements (ADS) and endowed supplements ((ENS).
- Multiply the dollar amount resulting from Step One by the current fringe benefit rate. (This rate is located in Administrative Applications; choose FIN and Select Screen 9 [Payroll Rate Inquiries])
- Add the result of Step One and Step Two.
- Multiply the sum calculated in Step Three by the Facilities and Administrative Cost Rate (F&A, also called the indirect cost rate). Always use the cost share F&A rate, normally the Standard rate, unless the sponsor specifically requires an alternative rate to be used.
- Add the result of Step Three to the amount calculated in Step Four. This is the amount of cost share committed including salary, fringe benefits and indirect costs.
Example:
| Full Time Salary: | $6496 |
| Percent cost share pledged: | 10% |
| Fringe benefit rate: | 21.7% |
| Indirect cost rate: | 26% |
| Step One: | 0.10 x 6496 = | $650 |
| Step Two: | 650 x 0.217 = | $141 |
| Step Three: | 650 + 141 = | $791 |
| Step Four: | 791 x 0.26 = | $206 |
| Step Five: | 791 + 206 = | $997 |
| $997 is Total Cost Share Committed |
Faculty with Clinical Salary:
- Determine the Institutional Base Salary (IBS) amount. IBS includes regular (REG) and summer (SUM) pay, paid professional leave (PLP), administrative supplements (ADS) and endowed supplements (ENS) and clinical salary paid through UWP and CUMG
- Determine the percent of effort pledged and multiply by the result of Step One.
- Multiply the dollar amount resulting from Step Two by the current fringe benefit rate. (This rate is located in Administrative Applications; choose FIN and Select Screen 9 [Payroll Rate Inquiries])
- Add the result of Step Two and Step Three.
- Multiply the sum calculated in Step Four by the Facilities and Administrative Cost Rate (F&A, also called the indirect cost rate). Always use the cost share F&A rate, normally the Standard rate, unless the sponsor specifically requires an alternative rate to be used.(also called indirect cost rate).
- Add the result of Step Four to the amount calculated in Step Six. This is the amount of cost share committed including salary, fringe benefits and indirect costs.
Example:
| Full Time Salary: | $6496 |
| Clinical Salary: | $1525 |
| Total Salary: | $8021 |
| Percent cost share pledged: | 10% |
| Fringe benefit rate: | 21.7% |
| Indirect cost rate: | 26% |
| Step One: | 6496 = | $6496 |
| Step Two: | 1525 = | $1525 |
| Step Three: | 6496 + 1525 = | $8021 |
| Step Four: | 0.10 x 8021 = | $802 |
| Step Five: | 802 x 0.217 = | $174 |
| Step Six: | 802 + 174 = | $976 |
| Step Seven: | 976 x 0.26 = | $254 |
| Step Eight: | 976 + 254 = | $1230 |
| $1230 is Total Cost Share Committed |