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DEPARTMENTAL INDIRECT COST AND LOCAL MATCH FORM FISCAL YEAR 2016 Department Name: Grant Title CODA Type of Budget Indirect Local Cost Match (Place an “X “) Match Ratio (%) Federal Local Org Code

How to fill out departmental indirect cost and

How to fill out departmental indirect cost and:

1. Begin by gathering all the necessary financial information related to the department. This includes budget reports, expense records, and any other relevant financial documents.
2. Identify all the indirect costs associated with the department. These may include utilities, rent, administrative salaries, and other expenses that are not directly linked to a specific project or program.
3. Allocate the indirect costs to the appropriate cost centers or departments. This involves determining the proportional share of each indirect cost that should be assigned to each department based on factors like square footage, number of employees, or usage of resources.
4. Calculate the total indirect cost for each department by summing up the allocated costs.
5. Verify the accuracy of the calculations and ensure that all costs have been properly accounted for.
6. Complete the departmental indirect cost form provided by your organization or funding agency. This usually requires inputting the calculated indirect costs for each department and providing any additional required information.
7. Review the completed form for any errors or omissions before submitting it.

Who needs departmental indirect cost and:

1. Organizations or institutions that receive funding for their programs or projects often need to calculate and report their indirect costs to funding agencies or regulatory bodies. This is to ensure transparency and accountability in the use of funds.
2. Departments within an organization that receive centralized support services such as human resources, IT, or finance may also need to determine their indirect costs. This helps in understanding the true cost of their operations and enables fair distribution of overhead expenses.
3. Researchers or project managers who are responsible for budgeting and managing project costs may need to assess the indirect costs associated with specific activities or endeavors. This allows for a comprehensive understanding of the total project cost, including both direct and indirect expenses.

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What is departmental indirect cost and?

Departmental indirect costs are expenses incurred by a department that cannot be directly attributed to a specific project or program.

Who is required to file departmental indirect cost and?

Departments within an organization that incur indirect costs are required to file departmental indirect cost reports.

How to fill out departmental indirect cost and?

Departmental indirect cost reports are typically filled out by gathering all indirect expenses incurred by the department and allocating them appropriately.

What is the purpose of departmental indirect cost and?

The purpose of departmental indirect cost reports is to accurately account for all expenses incurred by a department, including those that cannot be directly attributed to a specific project or program.

What information must be reported on departmental indirect cost and?

Departmental indirect cost reports must include a breakdown of all indirect expenses incurred by the department, as well as the methods used to allocate these costs.