Effective January 1, 2017, RCUH will be eliminating the discount on the indirect cost rate for advance funded intramural projects service ordered to RCUH. Currently, the indirect cost rate is 1.5% for projects with advance funds and 3.2% for projects without advance funds. All projects will henceforth be charged the 3.2% rate. RCUH regrets that it is unable to continue the discounted rate. Revenues are needed to implement long delayed and much-needed infrastructure upgrades to RCUH’s IT systems and to enable RCUH to provide enhanced project services. We appreciate your understanding.
In October, a reminder notice will be sent to the lead fiscal administrators along with a list of their affected accounts.
If you have any questions, please contact Doug Tonokawa at 988-8320 or firstname.lastname@example.org.