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INDIRECT COST RATE AGREEMENT STATE EDUCATION AGENCY Organization:Date: September 30, 2022Delaware Department of Education Townsend Building, 401 Federal Street, Suite 2 Dover, DE 199013639Agreement
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How to fill out indirect cost rate agreement

01
Gather all necessary financial information including overhead costs and direct costs.
02
Calculate the indirect cost rate by dividing total indirect costs by the base (total direct costs, modified total direct costs, or direct labor costs).
03
Submit the indirect cost rate proposal to the appropriate agency or organization for approval.
04
Negotiate any changes or modifications to the proposal as needed.
05
Finalize the indirect cost rate agreement and ensure all parties involved sign the agreement.

Who needs indirect cost rate agreement?

01
Non-profit organizations that receive federal funding or grants.
02
Government contractors and subcontractors.
03
For-profit organizations that receive federal funding and need to allocate indirect costs.
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Indirect cost rate agreement is a negotiated agreement between a recipient and the federal government that establishes the rates at which indirect costs are reimbursed on federal grants and contracts.
Non-profit organizations and other entities that receive federal funding and incur indirect costs are required to file indirect cost rate agreement.
To fill out indirect cost rate agreement, organizations must provide detailed information about their indirect costs, including how they are calculated and allocated.
The purpose of indirect cost rate agreement is to ensure that organizations are reimbursed for their indirect costs at a fair and reasonable rate.
Information reported on indirect cost rate agreement includes the organization's indirect cost pool, base, rate calculation methodology, and supporting documentation.
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