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Sample Salary Proposal

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					                                                   SALARY BUDGET SAMPLE

                                                Project Period: January 1, 2004 to December 31, 2004
                                             Principal Investigator: 9 month contract @ $75,000 per year
                                            Co-Principal Investigator: 12 month contract @ $50,000 per year
                                              Research Assistant: 12 month contract @ $30,000 per year
                                                            Graduate Student: $15 per hour

Faculty salaries are escalated by three percent each October. Salary for students is usually escalated by three percent at the discretion of the
Principal Investigator. Usually, if a student will be working for the entire project period, the salary is escalated. However, if a different student will
work on the project each year, the Principal Investigator can opt to not escalate salary.


SALARY AND WAGES

Dr. Path, Principal Investigator             @ $75,000
  66% FTE Summer 2004                                                                                                           $    16,500
       ($75000 for 9 months = $8,333/month x 3 months = $24,999 x 66%)


  25% FTE Fall 2004
   August 15 to September 30                                                                                                    $     3,125
       ($75,000 for 9 months = $8,333/month x 1.5 months = $12,500 x 25%)
     October 1 to December 31                                                                                                   $     6,438
       ($75,000 x 1.03 escalation = $77,250 for 9 months = $8,583/month x 3 months = $25,749 x 25%)
                                                                                       Total Principal Investigator $                26,063 (a)

      FORMULA:                =sum(75000/9*3*.66)                  +            sum(75000/9*1.5*.25)+sum(75000*1.03/9*3*.25)
                                     summer 2004                                                                  fall 2004



Dr. Chane, Co-Principal Investigator                        @ $50,000
 25% FTE Spring 2004                                                                                                            $     6,250
       ($50,000 for 9 months = $5,556/month x 4.5 months = $25,002 x 25%)
                                                                                  Total Co-Principal Investigator $                   6,250 (b)

      FORMULA:                =sum(50000/9*4.5*0.25)
                                              spring 2004



Research Assistant (OPS)
 100% FTE 2004
   January 1 to September 30                                                                                                    $    22,500
       ($30,000 for 12 months = $2,500/month x 9 months)
     October 1 to December 31                                                                                                   $     7,725
       ($30,000 x 1.03 escalation = $30,900 for 12 months = $2,575/month x 3 months)
                                                                                                               Total OPS $           30,225 ( c)

      FORMULA:                =sum(30000/12*9)                     +            sum(30000*1.03/12*3)
                                 January to September                               October to December




                                                         f256c229-9460-48ea-8f8d-2b067d1a2a1c.xls
Graduate Student
 20 hours per week
   January 1 to September 30                                                                                   $   11,700
      ($15/hour x 20 hours x 39 weeks)
    October 1 to December 31                                                                                   $    4,079
      ($15/hour x 1.03 escalation = $15.45/hour x 20 hours x 13.2 weeks)
                                                                                                Total Student $    15,779 (d)

      FORMULA:              =sum(15*20*39)                    +            sum(15*1.03*20*13.2)
                              January to September                            October to December



FRINGE BENEFITS
Fringe Benefits are charged on all salaries and wages and are subject to change. Please visit
http://www.finacctg.ucf.edu/Grants/Fringe/fringe1299.pdf for current rates.


                                                                                Principal Investigator @ 30%   $    7,819
                                                                             Co-Principal Investigator @ 30%   $    1,875
                                                                                               OPS @ 8.40%     $    2,539
                                                                                             Student @ .60%    $       95
                                                                                       Total Fringe Benefits   $   12,327 (e)

      FORMULA:              =sum(26063*0.30)+sum(6250*0.30)                     +        sum(30225*0.0840)         +        sum(15779*0.006)
                                            PI and Co-PI                                            OPS                           student



                                                    TOTAL SALARIES, WAGES & FRINGE BENEFITS $                      90,644 (a+b+c+d+e)




                                                     f256c229-9460-48ea-8f8d-2b067d1a2a1c.xls

				
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