Word: overheads
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This fall, government investigators found that Stanford University had overbilled taxpayers on federal grant overhead costs--to the tune of at least $184,000. Another investigator speculated last week that other agencies may have found an estimated $20 million more in inappropriate billing...
Stanford charges one of the nation's highest overhead rates: for every dollar in grant money awarded, the university requires the government to pay 74 cents for research-related "indirect" costs...
...addition, unfavorable findings would greatly weaken the Medical School's negotiating stance for an increase it is seeking in its indirect cost rate. This scenario would be the most costly for the University, which now hopes to work a deal promising more than $1 in overhead for each dollar received in grant monies...
...Medical School currently has a provisional agreement with the Department of Health and Human Services (HHS) for an indirect cost rate of 88 percent. This means that for every dollar the government awards in federal grants to the Medical School, the University can charge an additional 88 cents for overhead on that research...
...Overhead can include such-costs as depreciation on buildings and equipment, operation and maintenance, administration and libraries. Lighting, heating, janitorial services and portions of administrative salaries at every level in the University can be billed as indirect costs, as long as the costs can be justified as research-related...