Proposal Budget Preparation
Use these guidelines to estimate project costs. Salaries are increased at 3% per year for all personnel, unless restricted by agency.
Salary Type | Monthly Rate Formula |
---|---|
Bi-weekly |
pay rate x 26 = yearly rate ÷ 12
|
Hourly | hourly rate x 2,080 = yearly rate ÷ 12 |
Fringe Benefits
Type | Effort % | Benefit % |
---|---|---|
Faculty/Staff/Post Docs | .90 to 1.0 FTE | 37% |
Current, named faculty/staff/post docs | .50 to .89 FTE | 43% |
Current, named faculty/staff/post docs | .49 FTE or less | 9% |
Graduate students | >76% | 15% |
Graduate students | <75% | 7% |
Undergraduate students | Any | 7% |
Updated August 2020