Faculty without Clinical Salary
- Step One:
- Determine the percent of effort pledged and multiply by the institutional base salary (IBS).
- IBS includes regular (REG), administrative supplements (ADS) and endowed supplements (ENS).
- Step Two:
- Multiply the dollar amount resulting from Step One by the current fringe benefit rate.
- See the Fringe Benefit Load Rates website for current rates.
- Step Three:
- Add the result of Step One and Step Two.
- Step Four:
- Multiply the sum calculated in Step Three by the Facilities and Administrative (F&A) Cost Rate (formerly referred to as the indirect cost rate).
- Always use the Cost Share I/C rate to determine the amount of cost sharing.
- The Cost Share I/C rate to determine the amount of F&A cost sharing.
- This is normally the standard rate, unless the sponsor specifically requires an alternative rate be used.
- This rate can be found in MyFD, Budget Profile under Indirect Cost.
- Step Five:
- Add the result of Step Three to the amount calculated in Step Four.
- This represents the total amount of faculty cost share committed for non-clinical faculty, i.e. UW salary, fringe benefits and indirect costs.
Example:
Monthly Institutional Base 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 Monthly Cost Share Committed |
Faculty with Clinical Salary:
- Step One:
- Determine the Institutional Base Salary (IBS) amount. IBS includes regular (REG), administrative supplements (ADS), endowed supplements (ENS) and clinical salary paid through UWP and CUMG.
- Determine the clinical salary (CUMG or UWP) amount from the Change Transaction Memo (CTM).
- Determine the Institutional Base Salary (IBS) amount. IBS includes regular (REG), administrative supplements (ADS), endowed supplements (ENS) and clinical salary paid through UWP and CUMG.
- Step Two:
- Determine the percent of effort pledged and multiply by the result of Step One.
- Step Three:
- Multiply the dollar amount resulting from Step Two by the current fringe benefit rate.
- See the Payroll Load Rates website for current rates.
- Step Four:
- Add the result of Step Two and Step Three.
- Step Five:
- Multiply the sum calculated in Step Four by the Facilities and Administrative (F&A) Cost Rate (formerly referred to as 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.
- This rate can be found in MyFD, Budget Profile under Indirect Cost.
- Multiply the sum calculated in Step Four by the Facilities and Administrative (F&A) Cost Rate (formerly referred to as the indirect cost rate).
- Step Six:
- Add the result of Step Four to the amount calculated in Step Five. This represents the total amount of faculty cost share committed for clinical faculty, i.e. salary, fringe benefits and indirect costs.
Example:
Monthly Institutional Base 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 Monthly Cost Share Committed |