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Este documento es una guía proporcionada por el Departamento de Asuntos de Veteranos de EE. UU. para ayudar a las organizaciones sin fines de lucro a entender los requisitos para negociar tasas de

How to fill out indirect cost rate agreement

How to fill out Indirect Cost Rate Agreement Guide

1. Gather all necessary financial documents including your organization's budget, financial statements, and previous indirect cost rates.
2. Identify the appropriate indirect cost rate by determining the cost allocation base relevant to your organization.
3. Complete the Indirect Cost Rate Agreement Guide form accurately, ensuring all sections are filled out, including your organization's certification statement.
4. Calculate your indirect costs following the guidelines provided in the guide, making sure to include all allowable costs.
5. Review the filled-out form for accuracy and completeness before submission.
6. Submit the completed Indirect Cost Rate Agreement Guide to the appropriate federal agency or oversight body for review.

Who needs Indirect Cost Rate Agreement Guide?

1. Organizations that receive federal funding and need to recover indirect costs associated with their programs and operations.
2. Non-profit organizations, educational institutions, and state or local governments that require reimbursement for administrative expenses.
3. Any entity seeking to establish a formal indirect cost rate with a federal agency to ensure proper funding.

People Also Ask about

What are the 5 indirect costs?

Examples of indirect costs include utilities, maintenance on equipment, miscellaneous supplies, salaries, and administrative expenses. These costs are required for an organization to operate, enabling the production of a product or service.

What are IDC rates?

Indirect costs (also known as IDC, F&A costs, or overhead costs) are those costs associated with the conduct of sponsored projects that are incurred for common or joint objectives and therefore are not readily identifiable with a specific project.

What are the different types of IDC rates?

There are three types of indirect cost rates: provisional, predetermined, and fixed with carry-forward. Grantees who are negotiating for an indirect cost rate should find this information helpful in determining which type would benefit their organization.

What is the indirect cost rate agreement?

Negotiated Indirect Cost Rate Agreement (NICRA) is a document published to reflect an estimate of indirect cost rate negotiated between the Federal Government and a Grantee's organization which reflects the indirect costs (facilities and administrative costs) and fringe benefit expenses incurred by the organization.

What are the 5 indirect costs?

Examples of indirect costs include utilities, maintenance on equipment, miscellaneous supplies, salaries, and administrative expenses. These costs are required for an organization to operate, enabling the production of a product or service.

What are the types of direct costs and indirect cost?

Examples: Common direct expenses include raw materials, direct labor, and manufacturing supplies. Indirect expenses cover rent, utilities, administrative salaries, and office supplies.

What is the IDC rate for NSF?

The Policy Notice, which became effective May 5, 2025, sets forth a new policy by which NSF will now apply a single, standard IDC “not to exceed 15%” to all future grants and cooperative agreements awarded to IHEs for allowable indirect costs. Currently, IHEs have reported IDCs ranging from 50% to 65%.

How to calculate an indirect cost rate?

To calculate the indirect rate you divide your direct costs by the indirect costs. Costs specifically associated with performing on a particular project – including labor and materials required to do that job.

For pdfFiller’s FAQs

What is Indirect Cost Rate Agreement Guide?

The Indirect Cost Rate Agreement Guide is a document that provides guidelines for organizations on how to determine and negotiate their indirect cost rates, which are essential for obtaining federal funding.

Who is required to file Indirect Cost Rate Agreement Guide?

Organizations that seek reimbursement for indirect costs on federal awards or contracts are required to file the Indirect Cost Rate Agreement Guide.

How to fill out Indirect Cost Rate Agreement Guide?

To fill out the Indirect Cost Rate Agreement Guide, organizations must provide detailed financial information, including their base of indirect costs, allocation methods, and costs that are claimed as indirect.

What is the purpose of Indirect Cost Rate Agreement Guide?

The purpose of the Indirect Cost Rate Agreement Guide is to establish a formal agreement between entities and federal agencies regarding the rates at which indirect costs can be reimbursed under federal grants and contracts.

What information must be reported on Indirect Cost Rate Agreement Guide?

The information that must be reported includes the organization's indirect cost rate, the base used for the allocation, types of costs included in the indirect rate, and any relevant financial statements or data supporting the calculations.