Cornell University and the Department of Health and Human Services (DHHS) have recently reached a rate agreement that will affect the university`s federal research funding. This agreement reflects the ongoing discussion between universities and federal agencies about the proper reimbursement rate for indirect costs associated with research projects.
The indirect cost rate, also known as the Facilities and Administrative (F&A) rate, covers expenses not directly related to research, such as building maintenance and administrative support. The F&A rate is negotiated periodically between universities and the DHHS to determine the percentage of indirect costs that can be charged to research grants and contracts.
Under the new agreement, Cornell`s F&A rate for DHHS-sponsored projects will increase from 56.5% to 58.5% for the next fiscal year. This means that Cornell will be able to charge a higher percentage of indirect costs to DHHS-funded research projects, which will provide additional resources to support research activities.
The rate agreement also includes provisions for a one-time waiver of the F&A rate for proposals with budgets less than $250,000. This waiver is intended to encourage small-scale research projects and collaborations between Cornell and DHHS.
The negotiation of F&A rates is a complex process that requires careful consideration of both the university`s expenses and the needs of the federal agency. The final agreement reflects a compromise between these two factors and is designed to support the ongoing partnership between Cornell and DHHS.
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Overall, the new rate agreement between Cornell University and DHHS represents a significant development for the university`s research community. By negotiating a higher F&A rate and offering a waiver for small-scale projects, Cornell will be able to continue its important research efforts and contribute to the advancement of knowledge in a variety of fields.