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CERTIFICATION FOR INDIRECT COST RATE For FY 20232024 Due August 1, 2023, Org ID Organization Name Proposed Restricted Indirect Cost Rate ___% (Round to the nearest hundredth (X.XXL) of percent.) Proposed

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How to fill out indirect cost proposal for

01

Gather all necessary financial and accounting information

02

Identify all direct costs related to the project

03

Allocate indirect costs to appropriate cost centers

04

Calculate indirect cost rates based on the allocation method used

05

Prepare a detailed budget narrative explaining the methodology used in calculating indirect costs

Who needs indirect cost proposal for?

01

Government contractors who are required to submit indirect cost proposals as part of their contract requirements

02

Nonprofit organizations applying for grants that require a detailed budget including indirect costs

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What is indirect cost proposal for?

The indirect cost proposal is used to calculate the overhead costs of an organization.

Who is required to file indirect cost proposal for?

Non-profit organizations receiving federal funding are required to file an indirect cost proposal.

How to fill out indirect cost proposal for?

Indirect cost proposals are typically filled out using the Federal Acquisition Regulation (FAR) guidelines.

What is the purpose of indirect cost proposal for?

The purpose of the indirect cost proposal is to determine the indirect costs that are necessary for the organization's operations.

What information must be reported on indirect cost proposal for?

Information such as allocation of overhead costs, fringe benefits, and other indirect expenses must be reported on the indirect cost proposal.

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