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CERTIFICATION FOR INDIRECT COST RATE For FY 20162017 Office of Public Instruction Denise Juneau, Superintendent PO Box 202501 Helena, MT 596202501 Due April 30, 2016, SS # School System (SS) Name

How to fill out certification for indirect cost

1. Ensure you have all the necessary documentation and information before starting the certification process. This may include financial records, expense reports, and any relevant contracts or agreements.
2. Begin by carefully reviewing the certification form for indirect costs. Familiarize yourself with the sections and fields that need to be completed.
3. Fill out the basic information section of the certification form, including your name, organization, and contact information. Make sure all the details are accurate and up-to-date.
4. Provide a detailed breakdown of your indirect costs. This may include overhead expenses, administrative costs, and any other expenses that are not directly attributable to a specific project or activity. Be as specific and accurate as possible.
5. Calculate the indirect cost rate by dividing the total indirect costs by the direct costs. This rate is typically expressed as a percentage.
6. Fill in the calculated indirect cost rate in the appropriate section of the certification form. This rate will determine how much indirect cost can be allocated to a specific project or activity.
7. Review the completed certification form for any errors or inaccuracies. Double-check all the calculations and ensure that all the necessary sections have been filled out correctly.
8. Sign and date the certification form to certify the accuracy and completeness of the information provided. This serves as a declaration that you have completed the form to the best of your knowledge and in accordance with any applicable regulations or guidelines.

Who needs certification for indirect cost?

1. Organizations or entities that receive federal funding or grants are typically required to certify their indirect costs. This may include non-profit organizations, educational institutions, state and local governments, and other entities that receive financial assistance from the government.
2. Certification for indirect costs is necessary to ensure transparency and accountability in the use of federal funds. It helps to determine the appropriate allocation of indirect costs to specific projects or activities, ensuring that these costs are accurately accounted for and do not create an excessive burden on the funding agency.
3. The certification process also helps to establish a consistent methodology for calculating and allocating indirect costs, ensuring fair and equitable distribution across different projects and activities. It provides a standardized approach that allows for comparability and consistency in the reporting and analysis of financial information.

In summary, filling out a certification form for indirect costs involves providing accurate and detailed information about your organization's indirect costs and calculating the appropriate indirect cost rate. This certification is typically required for organizations receiving federal funding or grants to ensure transparency and accountability in the use of public funds.

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What is certification for indirect cost?

Certification for indirect cost is a formal declaration or confirmation that all indirect costs incurred during a specific period have been accurately recorded and allocated according to established guidelines.

Who is required to file certification for indirect cost?

Organizations that receive federal funding and have indirect costs incurred as part of their projects are required to file certification for indirect cost.

How to fill out certification for indirect cost?

Certification for indirect cost is typically filled out by the organization's financial or accounting department, ensuring that all indirect costs are properly documented and allocated.

What is the purpose of certification for indirect cost?

The purpose of certification for indirect cost is to provide assurance to funding agencies and stakeholders that indirect costs have been managed and allocated appropriately.

What information must be reported on certification for indirect cost?

Information such as the total amount of indirect costs incurred, the allocation methodology used, and supporting documentation may need to be reported on certification for indirect cost.