blog posts System Government Costing's Monthly Facts and Reminders Feb 17, 2021 7:00 amBuying and ContractsAccounting and BudgetingFY 21Are the University's Facilities & Administrative rates a mystery to you? Are faculty and staff asking you questions about F&A rates that you are unable to answer? In this first edition of System Government Costing's Monthly Facts and Reminders, you'll find out more about a helpful resource document.System Government Costing maintains an “Overview of Facilities and Administrative Costs and Rates at UI” document as a reference tool for all University of Illinois System faculty and staff. The purpose of this overview is to provide background information, definitions, processes, and address questions and misunderstandings related to Facilities & Administrative (F&A) costs and rates. The overview will help answer questions such as:•What are F&A costs?•What is the difference between direct and F&A (indirect) costs?•Why should my sponsored project pay F&A costs?•What is included in F&A (Indirect) costs?•How are F&A rates calculated?•What is my grant paying for when F&A rates are assessed?•Why do F&A cost rates vary between research institutions?To access the complete overview document, click here .Also open the System Government Costing F&A website for additional information.ContactIf you have questions about Facilities & Administrative rates and how they are calculated feel free to consult System Government Costing’s “Who to Ask” list to find an expert who can help.