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STATE OF RHODE ISLAND2006 QUALIFIED ALLOCATION Planning 2006 Qualified Allocation Plan, Approved August, 2005State of Rhode Island Qualified Allocation Plan For the Income Housing Tax Credit ProgramINTRODUCTION

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How to fill out indirect cost rate guide

01

Gather all necessary financial data including overhead costs, fringe benefit expenses, and direct costs.

02

Calculate the indirect cost rate by dividing the total indirect costs by the total direct costs.

03

Fill out the indirect cost rate guide form with the calculated rate and supporting financial data.

04

Submit the completed form to the appropriate agency for review and approval.

Who needs indirect cost rate guide?

01

Government contractors who are required to provide indirect cost rates as part of their contracts.

02

Nonprofit organizations that receive federal grants and must adhere to specific indirect cost rate guidelines.

03

Any organization looking to accurately allocate indirect costs to various projects or programs.

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What is indirect cost rate guide?

Indirect cost rate guide is a document that helps organizations calculate and apply an indirect cost rate to their projects and activities.

Who is required to file indirect cost rate guide?

Non-profit organizations and government agencies that receive federal funding are required to file an indirect cost rate guide.

How to fill out indirect cost rate guide?

To fill out an indirect cost rate guide, organizations need to provide details about their indirect costs, direct costs, and allocation methods.

What is the purpose of indirect cost rate guide?

The purpose of the indirect cost rate guide is to ensure that federal funds are used efficiently and transparently by accurately calculating and allocating indirect costs.

What information must be reported on indirect cost rate guide?

Information such as the organization's indirect cost rate calculation methodology, indirect cost pool expenses, direct and indirect cost allocation bases, and supporting documentation must be reported on the indirect cost rate guide.

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