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Indirect Cost (F&A) Split Agreement Last Revision:September 24, 2013, Office of Sponsored Proposals & Awards This form may be used to document an agreement between investigators and their administrators
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How to fill out indirect cost fampa split?

01
Start by gathering all necessary financial documents and information related to your organization's indirect costs. This includes any invoices, receipts, and other financial records.
02
Determine the total amount of indirect costs incurred by your organization. Indirect costs are those expenses that cannot be directly attributed to a specific project or activity.
03
Divide the indirect costs into categories or cost pools. This can include categories such as overhead costs, administrative costs, and facility costs.
04
Allocate the indirect costs to the appropriate cost objectives. Cost objectives are the specific projects or activities that benefit from the indirect costs.
05
Use a systematic and logical method to allocate the indirect costs to the cost objectives. This can be based on factors such as square footage, headcount, or direct labor hours.
06
Calculate the percentage or proportion of indirect costs allocated to each cost objective. This will determine how much of the overall indirect costs should be allocated to each project or activity.
07
Clearly document and record all the information related to the indirect cost fampa split. This includes the allocation method used, the calculated percentages, and any supporting documentation.

Who needs indirect cost fampa split?

01
Nonprofit organizations and government agencies that receive federal funding often need to complete an indirect cost fampa split. This is because federal regulations require the proper allocation of indirect costs in order to ensure accountability and transparency in the use of funds.
02
Organizations that have multiple projects or activities with shared indirect costs may also need to complete an indirect cost fampa split. This allows for a fair and accurate allocation of indirect costs to each project or activity based on their respective benefit.
03
Grant and contract managers, financial officers, and accounting personnel within organizations are typically responsible for ensuring the proper completion of an indirect cost fampa split. They play a crucial role in accurately allocating and documenting indirect costs to ensure compliance with funding requirements.
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Indirect cost fampa split refers to the allocation of indirect costs among various funding sources.
Organizations that receive federal funding and incur indirect costs are required to file indirect cost fampa split.
To fill out indirect cost fampa split, organizations need to allocate their indirect costs based on specific allocation methods.
The purpose of indirect cost fampa split is to ensure that indirect costs are allocated fairly and accurately among funding sources.
Indirect cost fampa split must report the total indirect costs incurred by the organization and the allocation methods used.
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