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IDC Schedule Name: ADC NIH Training v2 IDC Structure Name: ADC NIH Training v2 An X in the table below indicates that the expenditures type is excluded from the calculation of indirect costs. ADC

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How to fill out 75 cost transfers overruns

01

Start by gathering all the necessary information for each cost transfer.

02

Ensure you have the proper documentation and authorization for each transfer.

03

Clearly identify the reason for the cost transfer and the specific overruns being addressed.

04

Fill out the cost transfer form for each transfer, providing all required information including project details, account codes, and cost amounts.

05

Double-check all the information entered on the forms for accuracy and completeness.

06

Submit the completed cost transfer forms to the appropriate department or authority for approval.

07

After approval, ensure that the necessary adjustments are made in the financial records to reflect the cost transfers.

08

Keep a record of all cost transfers and supporting documentation for future reference or audit purposes.

Who needs 75 cost transfers overruns?

01

Anyone involved in projects or financial management that require adjusting or correcting cost allocations and overruns may need to fill out 75 cost transfers overruns.

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What is 75 cost transfers overruns?

75 cost transfers overruns refer to any adjustments made to the original budget that exceed 75% of the allocated funds.

Who is required to file 75 cost transfers overruns?

Government agencies and organizations receiving public funding are required to file 75 cost transfers overruns.

How to fill out 75 cost transfers overruns?

To fill out 75 cost transfers overruns, detailed explanations of the reasons for the budget overruns and supporting documentation must be provided.

What is the purpose of 75 cost transfers overruns?

The purpose of 75 cost transfers overruns is to ensure transparency and accountability in the use of public funds.

What information must be reported on 75 cost transfers overruns?

Information such as the original budget, revised budget, reasons for the overruns, and impact on project timelines must be reported on 75 cost transfers overruns.

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