The Cost Analysis unit's responsibilities include the following system-wide functions:
- The preparation, submission, negotiation and defense of the University's Federal Facilities & Administrative (F&A) rate
- Compile fringe benefit costs and related cost allocation information and prepare the University's Federal fringe benefit rate proposal and the University's flat benefit rate on an annual basis
- Perform accounting and reporting functions for the University's benefit plans
- Audit Liaison - Serves as audit liaison with the external auditors (KPMG) during the A-133 audit and with federal agency OIGs and other sponsors during their multi-campus audits
- The preparation and submission of the annual National Science Foundation Higher Education Research and Development (HERD) report for the Columbia, Kansas City, St. Louis, and MS&T campuses
- The prepartion of financial reports such as SF-425 and FFATA reports as required
- Monitor the financial status of sponsored award subrecipients receiving federal funding
- Perform letter of credit draws and draws on federally sponsored grants and contracts in addition to federal appopriations
- Assist Sponsored Program Offices administration with the University's Effort Certification documentation and process
Cost Analysis staff work closely with the campus Sponsored Programs Offices to ensure compliance with RIT, federal and state guidelines regarding grant and contract administration.
To obtain information about cost principles for educational institutions visit the Office of Management and Budget (OMB)
Reviewed 2019-08-05