Fiscal year 2022 (FY'22) is considered a base year for developing the facilities and administrative (F&A) rate proposal for submission to the Division of Cost Allocation (DCA) of the Department of Health and Human Services. The F&A rate proposal is the tool used to set the indirect cost rates for the University. Our proposal is required to be submitted to DCA in January 2023 based on the financial activity of FY'22.
One of the major base year requirements is conducting a physical equipment inventory of all fixed assets.