Note: When possible, budget costs should be inflated between 3-5% per project year to account for economic inflation. This inflation should be consistent across cost categories.
Salary Computation:
12 Month Faculty – To calculate the monthly pay rate, divide your annual salary by 12 to compute your monthly pay rate.
10 Month Faculty – To calculate the monthly pay rate, divide your annual salary by 10 to compute your monthly pay rate.
9 Month Faculty – To calculate the monthly pay rate, divide your annual salary by 9 to compute your monthly pay rate.
Fringe Rate
Proposed fringe benefits for sponsored projects are an estimate determined by the university to cover the anticipate benefits cost of most employees. Only the actual benefits incurred will be charged to the project.
Benefits Eligible Employees:
FY 25- For purposes of the proposed budget, fringe benefits will be calculated TBA.
Benefits Ineligible Employees:
FY 25- For purposes of the proposed budget, fringe benefits will be calculated at TBA
Travel Expenses:
When calculating travel expenses, refer to the University’s Policies and Procedures for Travel.
Purchasing:
Use best estimate when calculating your cost for contractual services. You are encouraged to add 5% for inflation for each contractual year. You will be required to follow the University’s Policies and Procedures for contractual purchases.
Indirect Costs:
Mississippi University for Women does not currently have a federally negotiated indirect cost rate agreement (NICRA) and will typically not include indirect costs (IDC) in sponsored project applications. However, when applicable, proposals should charge the federal de minimis indirect cost rate, or any other rate specified by the solicited sponsor agency as their approved IDC rate for universities without their own NICRA. These rates may be used on applicable projects until the university receives its own federally negotiated indirect cost rate agreement (NICRA).