Anticipating and Budgeting for Rate Increases
Across the University, RSCs are widely utilized by sponsored programs. Due to increasing RSC costs and rates, the Office of Sponsored Programs (OSP) recommends anticipating increases in the costs of services provided by RSCs and the impact of those increased costs on sponsored program budgets. RSC expenses charged to sponsored programs are calculated based on the RSC’s approved rate structure, not on amounts awarded for individual grants, contracts, or awards. For many RSCs across campus, increasing costs for both salary and non-salary expenses have necessitated or will likely necessitate increased rates. As RSCs review their rates during this time, increased costs of operations may require RSCs to adjust rates to avoid sustaining significant deficits.