New UMB Policy on Institutional Base Salary
December 17, 2024
In accordance with 2 CFR 200.430(h)(2), charges for work performed on federal awards by faculty members during the academic year are allowable at the institutional base salary (IBS) rate. Therefore, in all submissions for funding for sponsored work, the IBS is used as the salary of the employee.
View the full policy here: UMB Policy on Institutional Base Salary