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December

  • FY23 Proposed Fringe Benefit Rates on Sponsored Projects

    December 13, 2021

    Drexel University has submitted the fringe benefit proposal to the U.S. Department of Health and Human Services (DHHS) to establish the fiscal year 2023 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, 2022, to ensure that you have budgeted adequate funding.  Coeus and Banner have been updated to reflect the new proposed rates effective July 1, 2022.

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  • Change to Effort Reporting Requirements

    December 13, 2021

    Effective for the Fiscal Year 2022 Quarter 2 (FY22Q2) effort reporting certification period, which will be released on January 17, 2022, the University will no longer require effort report certification for those grants that are fully funded by unrestricted, private, industry, foundations, or internal (Drexel) funding, and for which the sponsor does not require effort reporting.

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