requirement is met by T&R faculty Academic Year effort only
a minimum of 7% of "Base for F&A Costs" within OSP Budget Template (also typically defined as Modified Total Direct Cost - MTDC)
is not applied when Research (RSCH), Administrative (ADM), or Instructional (INST) faculty are PI (even with T&R faculty in budget as Co-PI)
AY not allowed by sponsor (example: NSF organizational unit "Operational Engineering")
Budget is primarily for student support. Any waiver is subject to department head approval.
50% of PROFR charged to a sponsored project is returned to T&R faculty members each fiscal year using returned overhead dollars, which can be used at your discretion, i.e. class buyouts, etc.
Overhead is also a valuable resource used to provide salary funding for staff positions, enhance new faculty start-up funding, funding for department operating expenses and faculty discretionary funds.
Expenditure Line Items Subject to PROFR
Faculty Summer Salary and Fringes
Faculty AY Salary and Fringe
Graduate Assistant fringes and wages
Travel
Contractual Services
Materials/Supplies
Lab Fees
Postdoctoral wage and fringe
Subcontracts (first $25,000 of each subcontract)
Note: The total of these is the base for the PROFR calculation. For projects that involve sub funds for other VT departments, only those amounts included in the ISE budget are used in the calculation. 7% of this amount is the PROFR minimum requirement. This is typically referred to on the budget as "Base for F&A Costs", For multi-year projects PROFR can be met based on the total of the project. For Optional periods, PROFR must be met within each period.
Expenditure Line Items NOT Subject to PROFR
Equipment
Tuition
Subcontracts (100% after first $25,000 of each subcontract)
Participant Support Costs
Rental costs