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A-Z Index and Glossary

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  • Fabrication Account

    A special form of a sub-p/g that is used when investigators build equipment from purchased materials and supplies (generally excluded from indirect costs).

  • Facilities and Administrative Costs (F&A)

    F&A, also known as "indirect costs" or overhead (e.g., electricity, central administrative services), are the real costs of university operations which are not readily assignable to a particular project.  F&A rates are determined by the Uniform Guidance, 2 CFR Part 220, "Cost Principles for Educational Institutions." 

  • FAIN Federal Award Identification Number

    FAIN (Federal Award Identification Number) is the unique identifying number assigned to all federal finance awards. Since October of 2013, the Office of Management and Budget (OMB) has required all Federal Agencies to issue a FAIN to all financial assistance awards or grants.

     

  • FAR

    Federal Acquisition Regulation clauses. 

    https://www.acquisition.gov/browse/index/far

  • FastLane

    FastLane has been the National Science Foundation's (NSF's) electronic proposal submission and award management system and, to date, users have needed a user ID to access. They used to obtain that ID from ORSP. 

    NSF is transitioning away from FastLane, and users are encouraged to use Research.gov.

    New users are able to register directly through Research.gov. Existing users in FastLane will be migrated to the new system through a simple, one-time operation when signing in to FastLane or Research.gov.

  • FB

    Fringe Benefit

  • FC-Search Foundation Center

    Database of funding opportunities of US foundations. It is available online through U-M library electronic resources.

  • FCOI

    Financial Conflict of Interest

  • FDA

    Food and Drug Administration

  • Federal Demonstration Partnership (FDP)

    Back to the Top

    The Federal Demonstration Partnership (FDP) is a cooperative, non-profit association of federal research agencies, universities and the National Academy of Science's Government-University-Industry Research Roundtable aimed at reducing administrative burden on Principal Investigator and works to streamline the administration of federally sponsored research and to improve the federal/university research support relationship.

    History

    The FDP was established to increase research productivity by streamlining the administrative process and minimizing the administrative burden on principal investigators while maintaining effective stewardship of federal funds. The National Science Foundation (NSF) serves as the official web host of participating agency documents relating to the FDP.

    Sometimes Federal-Wide Terms and Conditions (ORSP site) are referred to as FDP because they were first established by the FDP. Now, the latest version of the Federal-Wide Terms and Conditions are available and hosted by the National Science Foundation (NSF), but they impact all federal agencies.

    In addition to the basic provisions, each member federal agency has a supplemental set of agency-specific terms and conditions. A typical grant is actually covered by both the federal-wide Research Terms and Conditions (RTC) and the agency-specific terms and conditions. 

    See also: 

  • FEDSIM

    Federal Systems Integration and Management Center (http://www.gsa.gov/portal/content/104719).

  • FERCAP

    Forum for Ethical Review Committees int he Asian and Western Pacific Region

  • FFATA: Federal Funding Accountability and Transparency Act

    FFATA: Federal Funding Accountability and Transparency Act of 2006 or Transparency Act—Public Law 109–282, as amended by section 6202(a) of Public Law 110–252 (31 U.S.C. 6101). See https://www.fsrs.gov/

  • FFMI

    Fast Forward Medical Innovation

  • Final Proposal

    A proposal in its final form that includes all of the sponsored-required documents and forms. It is ready to be submitted to the sponsor.

  • Finalized PAF

    A completed and signed PAF that includes the final proposal. The Project Team has performed the eResearch Management activity, "Finalize proposal for Submission to Sponsor."

    ORSP requires that the sponsor guidelines and the following finalized parts of the proposal must be attached to the PAF in order to complete its review:

    • Budget
    • Budget justification
    • Cover page
    • Draft abstract
    • Facilities and other resources
    • Subcontract budgets and signed letters of intent to participate
    • Certifications, Representations and Assurances
    • Any documents requiring an institutional signature

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  • Financial Status Reporting

    Sponsored Programs prepares the financial status report (FSR) in accordance with the Uniform Guidance (2 CFR 200). (This section was previously part of the A-110 circular). The FSR guidelines detail the complete and timely submission of financial reports and other such closeout procedures for federal grants and contracts. It covers (in part): Cash Management/Drawdown of funds, etc., Record Retention, Program Income, Procurement Standards, Property Standards, Cost Sharing, Financial Reporting.

    Failure to adhere to these reporting requirements in connection with a specific grant or contract may result in the withholding by the federal agency of new awards campus-wide or the suspension of payments for costs incurred by the University on other projects funded by the agency.​

     

  • FinOps

    Financial Operations

  • FIPSE

    Fund for Improvement of Postsecondary Education. See: http://www.ed.gov/about/offices/list/ope/fipse/.

  • FISMA

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