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Federal Award/Pass through Cost Analysis Form Instructions: Use this form to perform a cost and price analysis for all federal or federal pass-through procurement that are in excess of $150,001 for
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How to fill out federal awardpass-through cost analysis
How to fill out federal awardpass-through cost analysis
01
Start by gathering all necessary financial and accounting data related to the federal award or pass-through funds.
02
Identify all direct costs associated with the program or project funded by the federal award.
03
Separately identify and allocate indirect costs that can be charged to the federal award.
04
Calculate the indirect cost rate by dividing the total allowable indirect costs by a base (such as direct salaries and wages).
05
Ensure that the calculated indirect cost rate is in compliance with federal regulations and guidelines.
06
Allocate indirect costs to the federal award based on the calculated indirect cost rate.
07
Prepare a detailed cost analysis report that outlines the direct costs, indirect costs, and the methodology used for allocation.
08
Review the cost analysis report for accuracy and completeness.
09
Submit the cost analysis report along with the necessary financial documents to the relevant federal agency or pass-through entity.
10
Ensure that you retain a copy of the cost analysis report and all supporting documents for future reference and audits.
Who needs federal awardpass-through cost analysis?
01
Non-profit organizations that receive federal grants or pass-through funds.
02
Government agencies at the federal, state, or local levels.
03
Research institutions and educational establishments that receive federal funding.
04
Contractors and subcontractors working on federally-funded projects or programs.
05
Any organization or entity that receives federal funds and is required to comply with federal regulations regarding cost analysis.
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What is federal award pass-through cost analysis?
Federal award pass-through cost analysis is the process of determining and reporting the costs associated with funds received from a federal award that are subsequently passed through to subrecipients.
Who is required to file federal award pass-through cost analysis?
Recipient organizations receiving federal awards that pass funds through to subrecipients are required to file federal award pass-through cost analysis.
How to fill out federal award pass-through cost analysis?
To fill out federal award pass-through cost analysis, recipients must accurately document and report all costs associated with the federal award that are passed through to subrecipients.
What is the purpose of federal award pass-through cost analysis?
The purpose of federal award pass-through cost analysis is to ensure transparency and accountability in the use of federal funds that are passed through to subrecipients.
What information must be reported on federal award pass-through cost analysis?
The information reported on federal award pass-through cost analysis must include details of all costs incurred and passed through to subrecipients, as well as any supporting documentation.
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