Available February 15, 2011
OMB Circulars and other costing principles establish guidelines for determining costs applicable to grants, contracts, and other agreements from governmental agencies to educational institutions (A-21) non-profit organizations (A-122) and hospitals (OASC3). The principles are designed to provide that the federal government bear its fair share of total costs within defined parameters and with some exceptions. As federal audit activity increases and budget challenges face universities and the federal government, it is even more critical that research administrators understand the principles provided by the Circulars in order to appropriately fund research and other sponsored programs.
Program Level: Basic
Target Audience: Departmental Administrators, Pre-Award and Post-Award Administrators
Learning Objectives
Participants will develop a better understanding of, and a resource toolkit for addressing, the following aspects of contract negotiation:
- Understand what answers can be found within OMB Circulars A-21 and A-122, and the cost principles applicable to hospitals (OASC3);
- Review key principles related to allocating costs as direct or facilities and administrative costs;
- Review costs examples provided in Section J of A-21;
- Identify agency specific cost principles implementation;
- Connect the theory with application to budgeting and spending.
Moderator: Jane Youngers, Assistant Vice President for Research and Sponsored Programs, The University of Texas Health Science Center at San Antonio
Panel: Robert Andresen, Assistant Director, Post-Award Services, Research & Sponsored Programs, University of Wisconsin-Madison; Craig Reynolds, Chief Administrator, Biological Chemistry, University of Michigan Medical School; Michelle Vazin, Director, Office of Contracts and Grants, Vanderbilt University
