Fringe Benefits
The Fringe Benefits section identifies which fringe benefit rates will be applied to each proposal budget version.
The Applicable Rate field values are pre-populated with the default institute rates, which are pulled in from the institutional rate tables located within the Unit Hierarchy. You can open the Fringe Benefits tab to see which default fringe benefit rates have been itemized, and to see if current institutional rates are reflected. You may override the established/defaulted fringe benefit rates (on a proposal and/or budget version basis) by editing the Applicable Rate column, where you are also able to enter a different rate for each fiscal year.
Clicking the sync rates button to ensure rates are up-to-date is of particular importance if a proposal has been copied from an earlier proposal that may have utilized old rates.
Calculation and Application: All applicable
rates will be applied to line item costs within the Expenses page.
Calculations will be performed automatically, based on object code (also known
as a cost element).
Figure 273 Budget Document > Rates Page > Fringe Benefits Section - Example
Table 112 Budget Document > Rates Page > Fringe Benefits Section – Field Descriptions
|
Field |
Description |
|
Description |
The type of rate that the system applies to specific cost elements (for example, fringe benefits, F&A or inflation). This is by default prepopulated with values from the institute rate type section of the institute rate table located on the unit hierarchy. |
|
On Campus |
On or Off is displayed to indicate whether the rate applies to on-campus use or off-campus use. The campus checkbox on Institute Rate is where this is set. |
|
Fiscal Year |
Identifies the institutional fiscal year for which a rate is effective. |
|
Start Date |
This value is automatically generated based on the budget period dates. It indicates the budget period that will utilize the applicable rate for the identified fiscal year. |
|
Institute Rate |
The start date of a budget period as reflected in the fiscal period in which the rates apply. In the KC budget module, this is the date for which a rate becomes effective. |
|
Applicable Rate |
Institutional rate associated with the rate type, on/off campus and fiscal year. Prepopulated from the rate field within the institute rate tab on the institute rate table located on the unit hierarchy. |
|
sync rates |
|
|
reset rates |
|
System populates data in the
“institute rate” and “applicable rate” fields with the current rates from
the Unit Hierarchy rate table within the specific section in which the
button appears. (The sync rates button should only appear at the
bottom of each section and not at the bottom of the Rates tab.)
The system resets all values
within the “applicable rate” fields to match the rates listed within the
“institute rate” fields (whether or not the institute rates are current)
within the specific section in which the button appears. (The sync
rates button should only appear at the bottom of each section and not at
the bottom of the Rates tab.)