January 21, 2020
Drexel University has submitted the fringe benefit proposal to the U.S. Department of Health and Human Services (DHHS) to establish the fiscal year 2021 fringe benefit rates for sponsored projects. These rates are not final until we receive the official rate letter from DHHS, however, we do not expect any significant changes when they are finalized. It is anticipated that the University will not receive the approved, final rate letter for at least three to six months. Therefore, you should begin to utilize these proposed rates on any proposal submissions that will have salary and wages after July 1, 2020, to ensure that you have budgeted adequate funding. Coeus and Banner have both been updated to reflect the new rates effective July 1, 2020.
For fiscal year 2021, the Academy of Natural Sciences (ANS) will continue to use the non-sponsored fringe benefit rates, however, the fiscal year 2021 rates are not yet determined and will be announced when final. In the meantime, proposal submissions for ANS should utilize the fiscal year 2020 non-sponsored fringe benefit rates for any salary and wages after July 1, 2020.