FY09 Fringe Benefit Rates

The University's annual fringe benefit rates are part of the negotiated facilities and administrative (F & A) cost rate agreement with the Department of Health and Human Services (DHHS). These rates are therefore subject to negotiation as a condition of our federal funding. Also, OMB Circular A-21 regulates how these rates are charged and it states that fringe rates must be applied consistently across all funding sources.

The University has now reached an agreement on the FY09 fringe rates with DHHS. The rates have changed only slightly from the proposed rates which were communicated in the FY09 budget instructions. These final approved rates should have minimal impact on your FY09 budgets or actual fringe expenditures; therefore, no changes will be required to the FY09 budget materials that you submitted to the college.

The revised rates are as follows:

  • Academic rate = 30.40% (unchanged)
  • Civil Service = 32.70% (proposed rate was 32.8%)
  • Police = 34.70% (unchanged)
  • Graduate Assistant = 21.9% (unchanged)  

The detailed FY09 Fringe Rate Table by Component is located at:
http://www.budget.umn.edu/FY09docs/FY09_Fringe_Benefits_Approved_Rates.pdf

The FY09 Fringe Rate Matrix can be found at:

http://www.fpd.finop.umn.edu/groups/ppd/documents/rates/fringe_2008_2009.pdf

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This page contains a single entry by ludow006 published on March 12, 2008 11:49 AM.

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