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Cost recovery critical in tighter budget times

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It is no secret that funding for higher education faces significant challenges on campuses around the country. For major research universities like Mississippi State, external funding awards for sponsored programs provide the best alternative funding source for research when other options are limited.

By accepting funding from an outside source, we also accept the responsibility of being good stewards and accounting for those funds to ensure that they are spent properly. It is very important that we recover all of the costs of a project — direct and indirect — to the university.

And in tighter budget times, recovering indirect costs is critical. These dollars represent the cost of doing business, and they are real dollars being spent by Mississippi State to support all of our programs — including sponsored research activities. Without water, electricity and technology, it would be difficult to complete most research projects. Without university support for development of grant proposals, sponsored programs would not even exist. Since it's impossible to attribute these costs to a specific project, MSU must recover them some other way.

Enter indirect costs. Keep in mind that if we don't collect indirect costs, support for your research activities is reduced, and maintenance is deferred on your buildings and labs.

Have questions? Mississippi State's Office of Sponsored Programs Administration staff can give you answers about cost recovery and more, and you might also want to view a great video from the University of Idaho that offers an excellent overview of facilities and administrative (F&A) cost recovery.

The 15-minute production provides general info about F&A, and it's intended for a broad audience. Check it out at https://www.uidaho.edu/osp/training/ospintroductiontofa.

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This page contains a single entry from the blog posted on December 5, 2012 3:38 PM.

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