1 / 18

Keele University fEC Project

Keele University fEC Project. Presentation Of Progress To Date By Tim Statham. Introduction. TRAC introduced 1999/2000 through the Government 1998 Spending Review TRAC demonstrated that research was under-funded Full Economic Costing launched March 2004 to address research funding

astrid
Télécharger la présentation

Keele University fEC Project

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Keele University fEC Project Presentation Of Progress To Date By Tim Statham

  2. Introduction • TRAC introduced 1999/2000 through the Government 1998 Spending Review • TRAC demonstrated that research was under-funded • Full Economic Costing launched March 2004 to address research funding • TRAC for Teaching introduced October 2006 • Phased 5 year implementation

  3. Key Dates For Introduction of fEC • March 2004 Treasury adopts fEC for funding of Research Council and other Gov. depts. research • 1st QA audit by March 2005 • fEC funding contribution announced Jan 2005; 80% • Confirmation of compliance by July 2005 • July 2005 end of grant applications on old basis • 1 Sep 2005 new grants submitted on fEC basis • March 2006 grants begin on fEC basis • Oct 2007 QA Validation process commences • Feb 2008 refinements to estates recovery rates

  4. What Is Full Economic Costing • Research to be sustainable • All university costs associated with research to be recovered including:- • Directly incurred on projects • Project supervision & support • Estates costs • Indirect support • Infrastructure charge and cost of capital employed added to cover sustainability • Initially extra £200million funding available by Government

  5. RC Current v Future Funding Model RC funding: current position Shaded area – what RC will fund RC funding: new model Source Je-S

  6. DSR: Change in Project Costing Source Je-S

  7. Fund Headings for Research Grants Summary Fund Heading Fund Heading Category Research assistants Technicians Staff Other Travel & Subsistence Fellows Consumables Visiting researchers Directly Incurred Equipment < £50k Large Capital PCTF (EPSRC) only Other e.g. recruitment Investigators Principal investigators Directly Allocated Estates Other directly allocated Indirect Costs Indirect costs Staff Project studentships Exceptionals Other costs Equipment > £50k Source Je-S

  8. Classification of research costs within fEC Directly Incurred • Staff Costs • Research Assistant • Technician • Other Research Staff • Fellows • Visiting Researchers • Travel & Subsistence • Equipment • Consumables • Books • Survey Fees • Purchase/Hire of Vehicles • Publication Costs • Recruitment & Advertising Costs

  9. Classification of research costs within fEC Directly Allocated • Investigators Costs • Pooled Staff Costs • Estates Costs (inclusive of infrastructure) • Usage Costs of Research Facilities • Central & Distributed Computing • Charge Out Rates For Shared Equipment

  10. Classification of research costs within fEC Indirect Costs • General School/Research Inst. & Lab. Consumables • Co-investigators Costs • Secretarial • Central & Distributed Services • Cost of Capital Employed

  11. Classification of research costs within fEC Exceptional Costs • Staff – Project Studentships • Large Equipment • Other

  12. Information Required For fEC Costed Bid • Keele must be able to calculate • Total FTE’s on a project • Indexation of all costs Consequently • Time planned (work spell) on project of all staff • Precise roles of each person • Expected purchase dates of equipment and other direct costs • Useful life of equipment • PGR students, planned time on project & amount of supervision

  13. Rate Calculation Results fEC Project Status at Keele University

  14. Costing Example - Expenditure

  15. Directly Incurred Costs Directly Allocated Indirect Exceptional As Current; when incurred Funded per approved FTEs or hours (equipment & facilities) on project Funded per approved FTEs on project When incurred fEC Project Claims

  16. fEC Project Status at Keele University • QA Audit November 2004, report December 2004 • Compliance with minimum requirements June 2005 • 4 Diary Exercises, latest Nov 2007 • 3 Space Audits, new audit March 2008 • QA Validation returns submitted to RC UK Jan 2008 • Latest TRAC return submitted 21 Jan 2008 • pFACT Costing Tool installed Nov 2005 • 30+ grants awarded worth over £5.25million

  17. fEC Project Next Steps • Continue to Develop TRAC methodology • Research Facility Costs • TRAC for EU FP 7 Projects • Benchmarking of Overhead Recovery Rates • Continue To Develop pFACT • Reduction of Research Funding Deficit • TRAC for Teaching • 2008/9 Academic Year • Diary Exercise • Space Audit

  18. fEC Project Support • Tim Statham – fEC Management Accountant 01782 584294 email t.p.statham@fin.keele.ac.uk • Judith Garside – Research Grants and Contracts Manager 01782 583374 email j.m.garside@uso.keele.ac.uk • Joint Costing & Pricing Steering Group Website address www.jcpsg.ac.uk fEC Overview www.jcpsg.ac.uk/guidance/downloads/Overview.pdf • Research Council Websites www.ahrc.ac.ukwww.bbsrc.ac.ukwww.cclrc.ac.uk www.epsrc.ac.ukwww.esrc.ac.ukwww.mrc.ac.uk www.nerc.ac.ukwww.pparc.ac.uk

More Related