blog posts System Government Costing's Monthly Facts and Reminders for June Jun 16, 2021 9:00 amAccounting and BudgetingBuying and ContractsAre you curious about FY22 Fringe Benefit Rates? Do you need to know what to include in your proposal budget for the next fiscal year? Fringe Benefit Rates are calculated annually by various University departments. The various rates must be calculated based on prior year actual historical expenditures and then adjusted for known changes in expenditures and projections. For this reason, the calculations cannot be completed until the prior fiscal year has closed. Once the rates are calculated a rate document will be posted on the Government Costing website generally during the first week of August.Prior to the release of the new fiscal year’s Fringe Benefit Rates, use the rates as directed by your corresponding University’s Sponsored Project Administration Office.Chicago: 312-996-2862Springfield: 217-206-7409Urbana-Champaign: 217-333-2187 ContactIf you have questions related to the actual Fringe Benefit Rate calculations, contact System Government Costing. Check our “Who to Ask” list to find an expert who can help.