Please note the following edit and formatting changes to the original materials provided for the 03.11.10 Faculty Senate meeting:
1. Indirect Cost Recovery Funds Distribution Proposal:
- As per the request of the Faculty Senate, the fiscal impact of the proposal has been added to the summary.
- The budget backfill for the colleges has been increased to $125,000 to offset the redistribution of indirect cost recovery funds as follows: $5,000 CBA; $45,000 CLS; and $75,000 SAH (S&E and Fellowships).
2. A summary of allowable and nonallowable uses of indirect cost recovery funds is provided.
3. The tables in the Indirect Cost Policy & Financial Review schedule have been numbered.