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OMBControlNumber18400849Expires4/30/2021 QuarterlyBudgetandExpenditureReportingunderCARESActSections18004(a)(1)Institutionalization,18004(a)(2), and 18004(a)(3), inapplicable 01/08/2021 12/31/2020

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Who needs federally negotiated idc?

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Organizations that receive federal funding and have negotiated indirect cost rates with the government need to fill out federally negotiated IDC forms.

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What is federally negotiated idc?

Federally Negotiated Indirect Cost Rate Agreement (NICRA) is an agreement negotiated between a non-federal entity and the Federal government that establishes the indirect cost rate that the non-federal entity can use on Federal awards.

Who is required to file federally negotiated idc?

Non-federal entities that receive Federal awards and have a federally negotiated indirect cost rate agreement are required to file federally negotiated idc.

How to fill out federally negotiated idc?

Filling out federally negotiated idc involves providing information on the indirect cost rate agreement, allocation bases, and calculations used to determine the indirect cost rate.

What is the purpose of federally negotiated idc?

The purpose of federally negotiated idc is to establish a consistent indirect cost rate for non-federal entities receiving Federal awards, ensuring fair reimbursement for indirect costs incurred.

What information must be reported on federally negotiated idc?

Information such as indirect cost rate agreement details, allocation bases, calculations, and any updates or modifications must be reported on federally negotiated idc.

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