edu/finance/polproc/proc/Proc_toc.html QUESTIONS FROM 9/05/2006 1. What is F&A?
• F&A stands for Facilities and Administrative costs. It is the current federal government, OMB Circular A-21, terminology for what was formerly known as indirect costs and applies to grants and contracts. Many people also refer to this as overhead. A-21 defines F&A as “costs that are incurred for common or joint objectives and, therefore, cannot be identified readily and specifically with a particular sponsored project, an instructional activity, or any other institutional activity.” • The “facilities” components include the costs of utilities, depreciation on buildings, depreciation on capital equipment, maintenance and repair, and libraries. The “administrative” components include costs related to HR, Payroll, Procurement, OSP, ITC, Finance, the President’s office, the Vice Presidents’ offices, the Deans’ offices, plus other administrative offices. • The University is allowed to charge these F&A costs to the sponsors of grants and contracts.
