With Halloween creeping closer, you’re bound to see ghosts, goblins, and skeletons around campus. But one thing that shouldn’t give you chills? A rate review! While some may picture our team gathered around a bubbling cauldron, mysteriously selecting the next lucky 3E fund for review, the reality is much less eerie and far more beneficial.
A Rate Review is Like a Golden Ticket
Having your rate reviewed by SGC is a major win! We are experts in navigating university policies and Uniform Guidance, so you don’t have to worry about knowing every last detail. Instead, we ensure your rates are compliant, making your department, your college, and ultimately your sponsored projects and customers happy. Everyone wins when rates are set correctly!
Clarify Costs with the Right Calculations
Rate calculations aren’t just about compliance - they also help you uncover your true costs. There may be extra costs lurking in rates that shouldn’t be there, like rogue CFOAPs or expenditures that are unallowable for the service center. Once these are removed, rates may decrease. You may also discover costs that should be on your 3E fund and in your rate. While your resulting rate may not always be your desired outcome, the clarity and accuracy gained are always a win.
We’re the Good Guys (Not the Monsters Under the Bed!)
If SGC had a group costume, we’d be the Power Rangers. Our mission is to help you navigate the process, brainstorm solutions, and ensure your rate is both compliant and accurate. We’re here to support you, not to scare you!
The Process: Not as Long or Spooky as It Seems
We get it - rate reviews can seem lengthy and complex. Every service center is unique, and some calculations take more time than others. Our goal is to collect the necessary data, crunch the numbers, and get you a clear path forward as quickly as possible.
No Tricks - Just Treats!
So, should you be scared if you receive an email saying your fund has been selected for a rate review? Absolutely not! Think of it as an opportunity to tap into a valuable resource. And the best part? Once you’ve gone through the process, maintaining your service center and rate calculation becomes much easier. It’s like turning a haunted house into a well-lit, welcoming home; once the cobwebs are cleared, you’ll wonder why you ever worried in the first place.
At SGC, we’re not witches casting spells or ghosts lurking in the shadows. We are your friendly, neighborhood guides through the twists and turns of rate reviews. So embrace the process, and let’s make sure your rates are nothing but a treat. Happy Halloween!
Contact
If you have any questions, please reach out to System Government Costing.
