Memos & Newsletters

Date:          May 30, 2006

To:             NMSU Faculty and Staff

From:         Mike Martin

Subject:      Indirect Cost Recovery (ICR)

University administrators are frequently asked where the Indirect Cost Recovery money goes. Generally speaking, these are the funds the university recovers for overhead in connection with awards for research, teaching and public service. Heres a brief overview of our 2005-2006 fiscal year distribution and allocations:

• $8.7 million to colleges (The funds are prorated between the colleges based upon their actual sponsored project expense levels.)
• $466,000 to the Dean of the Library to supplement libraries.
• $205,000 for building components to help defray unfunded emergency capital needs, such as building renovation.
• $2.472 million supported and/or was distributed by the Office of Vice President for Research (VPR) including expenses from operating the compliance and grant and contract offices, WRRI, the bio security office, graduate financial aid, etc.
• $250,000 for mini-grants (through the VPR).
• $500,000 for research clusters (through the VPR).
• $219,000 held by the Executive Vice President and President and used this year to defray start-up costs, support faculty for research and support laboratories.

Central Administration held $18,600 for unforeseen needs.

As you can see, we put the ICR back into programs and campuswide priority investments.