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ATTACHMENT 5
OMB CIRCULAR A87Attachment E
State and Local Indirect
Cost Rate Proposals
1Attachment E State and Local
Indirect Cost Rate Proposals
General
1. Indirect costs are:
a. Costs that have
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What is omb circular a-87?
OMB Circular A-87 is a document that provides guidance to federal agencies on the management of grant funds and the determination of allowable costs.
Who is required to file omb circular a-87?
Federal agencies and organizations that receive grant funds from the government are required to comply with OMB Circular A-87.
How to fill out omb circular a-87?
To fill out OMB Circular A-87, organizations must carefully review the guidelines provided in the document and ensure that their accounting and financial management practices align with the specified requirements.
What is the purpose of omb circular a-87?
The purpose of OMB Circular A-87 is to ensure that federal grant funds are used efficiently and effectively by establishing principles for determining allowable costs and promoting sound financial management practices.
What information must be reported on omb circular a-87?
OMB Circular A-87 requires organizations to report detailed information about their financial management practices, cost allocation methods, and the types of costs incurred in relation to the grant funds received.
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