In simple terms, how are F & A rates calculated for sponsored projects?
ASU identifies its F&A costs (i.e., expenditures already incurred) and accumulates those costs in the various F&A cost pools. The F&A costs in each cost pool is then allocated to the direct cost functions of the university (research, instruction, and other sponsored activities) according to methods prescribed in OMB Circular A-21, or alternative methods approved by federal negotiators.
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