This source of funds is derived from the application of a negotiated indirect cost recovery percentage to grant and contract expenditures. They represent the recovery of the fair share of the Facilities and Administrative costs of the University in support of sponsored programs activities. The "F" parts of F&A include the costs of the buildings and equipment, utilities, the maintenance of buildings, and the cost of the University's libraries. The "A" parts include central administration, school and departmental administration, and the Office of Sponsored Programs.
F&A recoveries are distributed to departments and schools based on a formula approved by the academic vice presidents and administered by Financial Planning & Analysis.
April FY20 Summary Report
Certified Research Administrator
Planning on taking the Certified Research Administrator (CRA) exam? Get a head start by looking at "Understanding F&A Rates" -- this handy document covers federal regulations, definitions, and concepts, plus sample calculation with explanations.
If you have any questions, please contact Andrew McGehee, ph: (434) 982-2373.