Usc Budget Justification

USC BUDGET JUSTIFICATION

Salaries:

The PI is anticipating and therefore requesting funds to cover 15% of his/her effort during the academic year, along with 50% effort for one summer month. The Co-PI will be contributing 5% of his/her effort on this project. There will also be a post-doctoral research associate assigned to contribute 50% of their effort to the project. An annual increase of 3% was applied.

Fringe Benefits:

The calculations are based on the USC DHHS Federal Rate Agreement from June 23, 2014 that sets the fringe benefit rate for faculty and staff salaries at 31.1% from July 1, 2014 through June 30, 2016. Beginning July 1, 2016 31.1% is still used as the University’s provisional rate. For post-doc salaries the fringe benefit rate is 22.5% for the period July 1, 2014 through June 30, 2016. Beginning July 1, 2016 22.5% is still used as the University’s provisional rate.

Wages:

Support was requested for one Graduate Research Assistants (GRA). Their wages were calculated from a base of $42,000 set for the period August 16, 2014 through August 15, 2015 over 9 months at 50% for 9 academic months and 50% for 3 summer months. An annual increase of 3% was applied.

Travel:

Domestic: Travel for domestic travel is factored at about $2,000 per trip to allow for two trips per year to present and participate at XXXX conferences.

Foreign: Travel for foreign travel is factored at about $3,000 per trip to allow for two trips per year to present and participate at XXXX conferences.

Materials & Supplies/Publications:

$2,500 was budgeted per year based on previous experience to cover software, books along with the costs of dissemination of research results, including journal and web publications.

Subaward:

A subaward will be issued to XXXX for their contributions and work on the project. They will….

Equipment:

It is anticipated that two XXXX will need to be purchased for the project. The first will need to be purchased in Year 1, based on quotes including tax and shipping the cost is estimated to be $15,000. In Year 2 the second system will be purchased and based on inflationary purposes the cost is estimated at $20,000.

Indirect Costs:

Indirect costs were calculated using the modified total direct costs, which is the total direct costs less the equipment and/or only on the first $25,000 of subaward. The calculations are based on the USC DHHS Federal Rate Agreement from June 23, 2014. Per the agreement effective July 1, 2014 through June 30, 2015 the predetermined rate is 64.5%; and effective July 1, 2015 through June 30, 2016 the predetermined rate is 65%. Effective July 1, 2016 65% was used as the provisional rate.