USVI Public Records

Document text

COLLEGES AND UNIVERSITIES RATE AGREEMENT EIN: DATE :11/03/2017 ORGANIZATION: FILING REF.: The preceding University of the Virgin Islands agreement was dated #2 John Brewer's Bay 07/08/2014 St. Thomas, VI 00802-9990 The rates approved in this agreement are for use on grants, contracts and other agreements with the Federal Government, subject to the conditions in Section III. SECTION I: Facilities And Administrative Cost Rates RATE TYPES: FIXED FINAL PROV. (PROVISIONAL) PRED. (PREDETERMINED) EFFECTIVE PERIOD TYPE FROM TO RATE (%) LOCATION APPLICABLE TO PRED. 10/01/2017 09/30/2021 68.00 On-Campus All Programs PRED. 10/01/2017 09/30/2021 37.00 Off-Campus All Programs PROV. 10/01/2021 Until 68.00 On-Campus All Programs Amended PROV. 10/01/2021 Until 37.00 Off-Campus All Programs Amended *BASE Direct salaries and wages including all fringe benefits. Page 1 of 3 U77184 ORGANIZATION: University of the Virgin Islands AGREEMENT DATE: 11/3/2017 SECTION III: GENERAL A. LIMITATIONS ; The rates in this Agreement are subject to any statutory or administrative limitations and apply to a given grant, contract or other agreement only to the extent that funds are available. Acceptance of the rates is subject to the following conditions: (1) Only costs incurred by the organization were included in its facilities and administrative cost pools as finally accepted: such costs are legal obligations of the organization and are allowable under the governing cost principles; (2) The same costs that have been treated as facilities and administrative costs are not claimed as direct costs; (3) Similar types of costs have been accorded consistent accounting treatment; and (4) The information provided by the organization which was used to establish the rates is not later found to be materially incomplete or inaccurate by the Federal Government. In such situations the rate(s) would be subject to renegotiation at the discretion of the Federal Government. B. n y ed sANaRe. This Agreement is based on the accounting system purported by the organization to be in effect during the Agreement period. Changes to the method of accounting for costs which affect the amount of reimbursement resulting from the use of this Agreement require prior approval of the authorized representative of the cognizant agency. Such changes include, but are not limited to, changes in the charging of a particular type of cost from facilities and administrative to direct. Failure to obtain approval may result in cost disallowances. C. ELXED RATES: If a fixed rate is in this Agreement, it is based on an estimate of the costs for the period covered by the rate. When the actual costs for this period are determined, an adjustment will be made to a rate of a future year(s) to compensate for the difference between the costs used to establish the fixed rate and actual costs. D. Is Q 5 3ENC The rates in this Agreement were approved in accordance with the authority in Title 2 of the Code of Federal Regulations, Part 200 (2 CFR 200), and should be applied to grants, contracts and other agreements covered by 2 CFR 200, subject to any limitations in A above. The organization may provide copies of the Agreement to other Federal Agencies to give them early notification of the Agreement. E. OTHER: If any Federal contract, grant or other agreement is reimbursing facilities and administrative costs by a means other than the approved rate(s) in this Agreement, the organization should (1) credit such costs to the affected programs, and (2) apply the approved rate(s) to the appropriate base to identify the proper amount of facilities and administrative costs allocable to these programs. BY THE INSTITUTION: ON BEHALF RAL GOVERNMENT: University of the Virgin Islands DEPARTMENT OCF HEALTH AND HUMAN SERVICES (AGENCY) Digitally signed by Darry! W. Mayes -A DN: C#US, 0#U.S. Government, ou=HHS, ou=PSC, Darryl W. Mayes -A s:ioso32s42 20001201 yiz03i08, Date: 2017.11.03 15.42.10 0400 (SIGNATURE) (SIGNATURE) Shirley Lake-King Darryl W. Mayes (NAME) (NAME) Vice President for Admin & Finance/CFO Deputy Director, Cost Allocation Services (TITLE) (TITLE) November 28, 2017 11/3/2017 {DATE) (DATE) 7184 Michael Leonard Telephone: (212) 264-2069