A: The University has to negotiate its fringe benefit rate on an annual basis with the federal government. Until we have negotiated a new fringe benefit rate agreement, please continue to use the current applicable fringe benefit rates in our existing agreement for your proposal submission. In situations where the finalized rate is lower than the budget proposed rate, generally, these excess funds are available for re-budgeting. However, it depends on each grantor’s policy. Please consult specific agency guidelines /terms and conditions of the agreement before proceeding.