Proper understanding of indirect costs and how they are charged to a program is key in ensuring compliance with established budgets and financial reporting regulations.

What is an indirect cost rate? An indirect cost rate (ICR) is a percentage used to fairly distribute shared (indirect) costs across multiple programs, grants, or funding sources. This rate is then applied to …

SPRING 2022 WHAT ARE INDIRECT COSTS? • SEVERAL NAMES, ONE MEANING: • INDIRECT COSTS (IDC) • FACILITIES & ADMINISTRATION (F&A) • OVERHEAD • COSTS THAT CANNOT …

Emily joined DOL in 2018 as a Cost Accountant within DOL’s Cost and Price Determination Division (CPDD), with her primary responsibilities including reviewing and negotiating indirect cost rates and …

Indirect costs are for the grant recipient to apply their Federally recognized (approved) indirect cost rate to allowable program expenditures. For this reason, indirect cost rates are a tool to reimbursement …

Responsible for reviewing, negotiating, and approving cost allocation plans or indirect cost proposals developed under this part on behalf of all Federal agencies.

If the cost can be identified specifically with a particular cost objective such as a grant, contract, project, function or activity, then it is a direct cost; indirect costs are those costs that cannot be readily …