To convert 9 month salaried employees to an hourly rate divide the 9 month salary by 1,560 hours. If using this rate will result in under-budgeting fringe benefits then use the Fringe Benefits Rate Chart to calculate manually. If travel is to a foreign destination, contact the MSU Travel Office for procedures. Designate two subcategories, one for MSU employee travel and another for Consultant, Participant or Honorarium Travel. Always provide justification of travel expenses.
Sponsors often ask for detail when they perform proposal cost analysis.
Individual components to be used for equipment fabrication should be identified as such. 7. Each subcontract should be listed separately. Math on budgets submitted by subcontractors should be checked. Submit a copy of the subcontractor's most current negotiated facilities and administrative cost Agreement for audit purposes. Inflation rates used by subcontractors should be in accordance with subcontractor's normal practices.