Get the free Indirect cost rate proposal checklist fillable form - opi mt

Office of Public Instruction Denise Juneau, Superintendent PO Box 202501 Helena, MT 59620-2501 CERTIFICATION FOR INDIRECT COST RATE For FY 2009-2010 Due April 30, 2009, School Name County Level Legal

How to fill out indirect cost rate proposal

1. To fill out an indirect cost rate proposal, start by gathering all relevant financial information and records. This may include expenses, payroll data, and overhead costs.
2. Next, review the guidelines or instructions provided by the organization or agency requiring the proposal. These guidelines will outline the specific information and format that should be included in the proposal.
3. Determine the appropriate indirect cost rate calculation method. There are various methods to calculate indirect costs, such as the single-rate method, multiple-rate method, or simplified method. Choose the method that best fits your organization's circumstances and aligns with the guidelines provided.
4. Allocate indirect costs to appropriate cost pools. Identify the different categories or pools of costs that should be included in the proposal, such as administrative expenses, facilities expenses, or fringe benefits. Allocate the indirect costs to these pools based on a reasonable and consistent method.
5. Calculate the indirect cost rate. Use the information collected and allocated to calculate the indirect cost rate. This is typically expressed as a percentage and represents the proportion of indirect costs to direct costs.
6. Prepare the proposal document. In the document, provide a detailed breakdown of the indirect cost rate calculation, including the allocated costs, base used for the calculation, and any necessary explanations or justifications.
7. Provide additional supporting documentation. Attach any necessary supporting documents, such as budgets, financial statements, or historical data, that support the proposed indirect cost rate.

Who needs an indirect cost rate proposal?

1. Organizations that receive federal grants or contracts often require an indirect cost rate proposal. These organizations may include non-profit organizations, educational institutions, and research organizations.
2. Government agencies, such as the Department of Defense or the National Institutes of Health, may also require indirect cost rate proposals from organizations seeking funding or contracts.
3. Other entities, such as private foundations or large corporations, may also request an indirect cost rate proposal as part of their evaluation process for funding or partnerships.

In summary, filling out an indirect cost rate proposal involves gathering financial information, following specific guidelines, calculating the rate, and preparing a detailed proposal document. Organizations that receive federal grants or contracts, as well as government agencies and other funding entities, may require an indirect cost rate proposal.

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What is indirect cost rate proposal?

Indirect cost rate proposal is a document that calculates the percentage of indirect costs a company or organization can include in their budget when receiving federal grants or contracts.

Who is required to file indirect cost rate proposal?

Organizations that receive federal grants or contracts and want to include indirect costs in their budget are required to file an indirect cost rate proposal.

How to fill out indirect cost rate proposal?

To fill out an indirect cost rate proposal, the organization must provide detailed information on their direct and indirect costs, along with supporting documentation and justification for the proposed rates.

What is the purpose of indirect cost rate proposal?

The purpose of an indirect cost rate proposal is to determine the appropriate indirect cost rates that can be included in a company or organization's budget for federal grants or contracts.

What information must be reported on indirect cost rate proposal?

The information that must be reported on an indirect cost rate proposal includes details about the organization's direct and indirect costs, such as salaries, rent, utilities, and other administrative expenses.