Procedure No.: 19.056 Page No.: 1 and 2 of 2 Date Issued: 02/01/95 Issued By: T.L. Chesnut
B. Incentive funds shall be provided in proportion to the indirect costs generated on grants and contracts related to the research program of the Center or Institute.
Up to $25,000 per year may be advanced to a University recognized Center or Institute from the Center Revolving Fund. Up to three years of start-up funding may be provided. Funds must be matched on a 1:1 basis from appropriate departmental or college funding sources. A plan for repayment of the start-up funds must be developed and agreed to by all institutes or center sponsors before funding is authorized. The payback period will be of five years or lesser duration, commencing with the first year after the start-up funding period ceases.
B. Incentive fund
General operating funds proportional to indirect costs recovered on grants or contracts related to the research program of a Center of Institute shall be allocated as follows:
Center or Institute - 33.333 % of indirect costs recovered Principal Investigator - 11.375 x of indirect costs recovered PI's Department - 4.375% of indirect costs recovered,
Center or Institute - $280,000 Principal Investigator - 11.375 % of indirect costs recovered PI's Department - 4.375% of indirect costs recovered
Negotiations are to be conducted with the Vice President for Research and Graduate Studies to establish the amount and duration of start-up funding, the source of matching funds, the payback plan (usually several payback scenarios will be developed including one to insure repayment if the Center is not successful in attracting external funding), and the plan for use of start-up funds.
Allocations will be made on a monthly basis at the end of the month, and will be based on indirect costs income shown in the College and University Financial System (CUFS) reports for the month. The allocation shall be the responsibility of the Office of Research and Sponsored Programs. Accounts will be established and maintained by that office for control of expenditures.
In order to accrue the most benefit from the sponsored programs incentive funds, fund unspent at the end of a fiscal year will be appropriated and made available in the following fiscal year. This will allow all parties to meet long-range goals, particularly for major expenditures (e.g., large equipment items).
Incentive funds allocated to the Center may be used for secretarial and technical staff salaries, the director's salary, and for the purposes indicated above.
Dick Piccard revised this file (https://www.ohio.edu/policy/19-056.html) on March 21, 2016.
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