
Get the free Indirect Cost Adjustment Form (ICAF) - Tuskegee University - tuskegee
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TUSKEGEE U N I V E R S I T Y Indirect Cost Adjustment Form (ISAF) Tuskegee University Office of Sponsored Programs For a Grant That Does Not Reimburse Indirect Cost in Accordance With Negotiated Agreement
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How to fill out indirect cost adjustment form

How to fill out indirect cost adjustment form:
01
Collect all necessary financial information, including expenses and revenues related to the project.
02
Determine the appropriate cost allocation base for calculating indirect costs.
03
Calculate the indirect costs based on the allocated cost base and the applicable indirect cost rate.
04
Clearly document all calculations and provide supporting documentation for the figures.
05
Complete all required sections of the form, including providing contact information and project details.
06
Review the completed form for accuracy and completeness before submission.
07
Submit the form to the appropriate department or agency as instructed.
Who needs indirect cost adjustment form?
01
Organizations or entities that receive funding or grants for projects that involve indirect costs.
02
Institutions or businesses that need to allocate and adjust indirect costs accurately and transparently.
03
Research institutions, universities, and non-profit organizations that engage in federally funded projects requiring cost adjustments.
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What is indirect cost adjustment form?
The indirect cost adjustment form is a document used to request modification to the indirect cost rate of a project or organization. It is used to adjust the rate of indirect costs, such as overhead, administrative expenses, and other expenses that cannot be directly attributed to a specific project or activity.
Who is required to file indirect cost adjustment form?
Any project or organization that has been granted an indirect cost rate agreement by a funding agency is required to file the indirect cost adjustment form. This includes government agencies, non-profit organizations, and educational institutions.
How to fill out indirect cost adjustment form?
The indirect cost adjustment form typically requires detailed information about the organization or project, such as the current indirect cost rate, the proposed adjusted rate, and the justification for the adjustment. It may also require supporting documents, such as financial statements and budget proposals.
What is the purpose of indirect cost adjustment form?
The purpose of the indirect cost adjustment form is to allow organizations and projects to request changes to their indirect cost rate in order to better align with their actual expenses. This can help ensure that funding is allocated appropriately and that organizations have the necessary resources to carry out their activities.
What information must be reported on indirect cost adjustment form?
The indirect cost adjustment form typically requires information such as the organization's name and contact information, the current indirect cost rate, the proposed adjusted rate, and a detailed justification for the adjustment. It may also require supporting documents, such as financial statements and budget proposals.
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