Page History

Income

Expenditures

General Institute Budget

F+A / indirect

Direct

Those costs which can be identified readily and specifically with a particular project with a high degree of accuracy.  In
SAP, direct costs are identified as such by G/L account and include all expense G/Ls except those in the range 600300
to 600319.  It should be noted that SAP defines other G/Ls as "overhead' which are treated as direct costs of research:
Employee benefits, vacation accrual and lab allocation G/Ls.

SBrady

Under recovery

Where sponsor policies dictate an F&A rate and/or cost base that will result in F&A billing below that which would be produced using the federal negotiated research rate.  Example:  A foundation grant with a total direct cost (TDC) budget of $150,000, of which $100,000 is MTDC and a sponsor F&A rate of 10% of TDC, vs.  MIT's federal negotiated rate is 68% of MTDC.   Sponsor F&A would be $15,000 (150,000* 10%); MIT's standard F&A is $68,000 ($100,000 * 68%) and under-recovery is $53,000 ($68,000 - $15,000). 
There are other forms of under-recovery which have been subject to different internal policies.  Many federal awards now dictate that the F&A rate used in the proposal be "Fixed for the life of the award" which can result in either over- or under-recovery, depending on whether MIT's negotiated rate moves up or down.

SBrady

Cost Sharing

Authorized Total

Obligated Total

Recovered F+A

Billed F+A

Departmental Funded Research

Institutional Funded Research

Inidrect Cost Rate / F+A rate

EB rate

Award

MTDC

Sponsored Funds

Non Sponsored Funds

Restricted Funds

Non Restricted Funds

Endowed Funds

Endowed Chair/ Professorship

Chair (Types)

Invested Funds

RA Fellowship

TA Fellowship

Cost Center

Internal Orders

Research Volume

Measures all expenses posted to research cost collectors (i.e., cost collector category = "Research") in a given time period. 
 Corresponds to the "Brown Book."  Includes prior period adjustments such as record project overruns.

SBrady

Research Expenditures

Revenues

Authorized Total (Research)

Project

Proposals

Contract

Grant

Major Sponsorship (Primary Sponsor)

Major Sponsorship (Proximate Sponsor)

Primary Volume

Secondary Volume