Fringe benefits are charged individually as direct costs to the grant. Fixed - This rate is established for a period. Recovery adjustments are made during the next negotiation. Indirect costs are incurred for common or joint objectives. Matching funds require major institution commitment to the sponsored project.
Cash is generally the allowable method.
Modified Total Direct Costs. Many funding agencies allow a one time extension of the expiration date of the award up to one year. A request for the extension should be directed, in writing, to the Director of Research and Projects noting supporting reasons for the extension and a revised expiration date. To use unobligated balances remaining at the end of the grant period. The terms and conditions of the award prohibit the extension.