Salary Cap during Project

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Salary Cap during Project
 Complete a quarterly review of grants with salary cap to determine if we
are on track to meet the proper amount
 Input required information into Salary Cap spreadsheet:
S:\BS\Common\Users\SPS\ACCTMGT\MGMTAREA\NIH-NASA
ACMGR\Salary Cap\Salary Cap Calculation.xls
 Gather payroll information from AIMS Payroll Summary for
charges after 7/1/2007 for both cost share and sponsor
accounts
 Utilize Brio for payroll charges prior to 7/1/2007 for both cost
share and sponsor accounts
 Find Faculty’s Institutional Salary from PA20
 Find appropriate salary cap amount for the covered period at:
http://grants.nih.gov/grants/policy/salcap_summary.htm
 This will calculate the amount of SALARY that needs to be
covered by cost share (fringes are in addition to this amount)
 Determine if any adjustments needed to be done to the budget based on
calculation (possible due to change in effort on the project or
Institutional Salary)
 Adjust budget if needed to match new projection (Header Description:
‘Salary Cap Adjustment’)
 Once budget is released be sure to print layout C/S Budget Verification
from FMEDDW
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