Indirect costs based on Modified Total Direct Costs:
Indirect costs based on Modified Total Direct Costs:
Budget #1:
|Budget |
| | |Year 1 |Year 2 |Year 3 |
|Salary | |24,596 |25,334 |26,094 |
|Fringe Benefits | |5,942 |6,374 |6,826 |
|Equipment | |0 |0 |0 |
|Materials and Supplies | |3,462 |4,202 |4,867 |
|Travel | |3,000 |3,090 |3,183 |
|Publication Costs | |0 |1,000 |1,030 |
|Subcontract 1 | |0 |0 |0 |
|Tuition Remission | |0 |0 |0 |
|Total Direct Costs | |37,000 |40,000 |42,000 |
To find Modified Total Direct Costs (MTDC):
| | |Year 1 |Year 2 |Year 3 |
|Total Directs | |37,000 |40,000 |42,000 |
|Less: | | | | |
|Equipment | |0 |0 |0 |
|Tuition Remission | |0 |0 |0 |
|Subcontract > $25k | |0 |0 | - |
|MTDC | |37,000 |40,000 |42,000 |
**Note that MTDC = Total direct costs because no dollars are requested for equipment, tuition remission, or subcontracts exceeding $25,000
To find indirects, multiply the MTDC amount by the indirect cost rate:
| | |Year 1 |Year 2 |Year 3 |
|MTDC | |37,000 |40,000 |42,000 |
|Indirect Costs |48.5% | 17,945 | 19,400 | 20,370 |
Total Budget = Total Direct Costs + Indirect Costs:
| | |Year 1 |Year 2 |Year 3 |
|Indirect Costs |48.5% | 17,945 | 19,400 | 20,370 |
|Total Direct Costs | |37,000 |40,000 |42,000 |
|Total | | 54,945 | 59,400 | 62,370 |
Budget #2:
|Budget |
| | |Year 1 |Year 2 |Year 3 |
|Salary | |24,596 |25,334 |26,094 |
|Fringe Benefits | |5,942 |6,374 |6,826 |
|Equipment | |9,000 |0 |0 |
|Materials and Supplies | |3,462 |4,202 |4,867 |
|Travel | |3,000 |3,090 |3,183 |
|Publication Costs | |0 |1,000 |1,030 |
|Subcontract 1 | |10,000 |11,000 |9,000 |
|Tuition Remission | |8,000 |8,000 |8,000 |
|Total Direct Costs | |64,000 |59,000 |59,000 |
Modified Total Direct Cost (MTDC) Calculation:
*Note that funding is now requested for our excluded categories, Equipment, Subcontracts, and Tuition Remission.
| | |Year 1 |Year 2 |Year 3 |
|Total Directs | |64,000 |59,000 |59,000 |
|Less: | | | | |
|Equipment | |9,000 |0 |0 |
|Tuition Remission | |8,000 |8,000 |8,000 |
|Subcontract > $25k | |0 |0 | 5,000 |
|MTDC | |47,000 |51,000 |46,000 |
Subcontract detail:
Year 1 - $10,000 requested is less than $25,000
Year 2 – Running total is $10k + $11k = $21,000. Still less than $25,000
Year 3 – Total is $10k + $11k + $9k = $30,000. We’re now $5,000 over the $25,000 threshold, so that $5,000 is subtracted to get the MTDC total.
Now we multiply MTDC by the indirect cost rate:
| | |Year 1 |Year 2 |Year 3 |
|MTDC | |47,000 |51,000 |46,000 |
|Indirect Costs |48.5% | 22,795 | 24,735 | 22,310 |
And find our Total:
| | |Year 1 |Year 2 |Year 3 |
|Indirect Costs |48.5% | 22,795 | 24,735 | 22,310 |
|Total Direct Costs | |64,000 |59,000 |59,000 |
|Total | | 86,795 | 83,735 | 81,310 |
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