PPT-Indirect costs 2 CFR 200.414 – 200.419

Appendices III VII IndirectFampA Costs 2 CFR 20056 Costs incurred for Common or Joint purposes Benefit more than one cost objective Cannot be readily identified with particular cost objective without undue effort. OMB Circular A-110 (2 CFR Part 215) . 2 CFR Part 230. Appendix A – General Principles. . GPD Indirect Cost Rate Agreement . Chief, . Operational Oversight Division. Joseph E. Baldwin . Project Review: . Correspondingauthor.Fax:1-540-568-2754.E-mailaddresses:dejanasc@jmu.edu(S.C.deJanasz),ssulliv@cba.bgsu.edu(S.E.Sullivan).Tel.:1-419-372-2366;fax:1-419-372-6057.0001-8791/$-seefrontmatter2003ElsevierIn REC Infrastructure Retreat. April 7, 2015. Nancy L. Wilkinson, Office of the Dean for Research (IFAS). Understanding Indirect Costs. – . Today’s Agenda. . Definition. Key Concepts – Facilities & Administrative. U.S. Department of Education. Objectives. Overview of Indirect Costs. Key Changes Under the Uniform Guidance. GAN Changes. De Minimis . R. ate. Grant Extensions. Sub-Recipient Rates. Timelines. Time and Effort . To understand one objection to indirect realism. What we’re directly aware of are our . sense data. .. . ?. Remember. If a tree falls over in a forest, and no one is there to hear it…. …does it make a noise?. Office of Management and Budget (OMB) – Circular A-87. US Department of Education. Delegates authority for rate determination to states. Delegation agreement renews every five years. Authority. 2. Costs of a general nature which are not readily identifiable with the activities of the grant but are incurred for the joint benefit of those activities and other activities or programs of the organization. U.S. Department of Education. Purpose and Use of this Presentation. The Department of Education is providing this presentation to help its grantees understand the contents of the Uniform Guidance and should be viewed after or alongside of the regulations. It is not a substitute for reading the regulations. . U.S. Department of Education. Objectives. Overview of Indirect Costs. Key Changes Under the Uniform Guidance. GAN Changes. De Minimis . R. ate. Grant Extensions. Sub-Recipient Rates. Timelines. Time and Effort . U.S. Department of Education. Objectives. Overview of Indirect Costs. Key Changes Under the Uniform Guidance. GAN Changes. De Minimis . R. ate. Grant Extensions. Sub-Recipient Rates. Timelines. Time and Effort . Objectives. Identify types of costs – both direct and indirect. Calculate . salaries and fringe benefits. Identify the requirements for graduate students. Identify the requirements for a collaborator. What’s . the difference? . Overview. Define administrative costs. . Describe . the difference between direct and indirect costs. . Describe . what an indirect cost rate agreement is and where you go to apply for one. . Sponsors of Day Care Homes and Unaffiliated Centers 2 CFR 200: Super circular OMB Circulars have been superseded; utilize the Super-Circular when discrepancies appear between the Super-Circular and the 7 CFR 226 and FNS 796-2 Rev. 4 !!"#"$%&'()"*)+),-'./0'1/23#",%0)"+'4"0#')2'56'7"&%'("8'4"9:;''''!"#$%!$%!&!'()* 2+,+'&**-:!D,1,74&(+'$&*!#&'4E!1'!D,1,74&(+'$&*!3&4&2+EO!'+6+'%!(1!#&'4!(#&(!$%!)#&**+,2$,2!(1!A9&,($6-!$,!41,+(&'-!(+' What are Product Costs?. Product costs are costs that are incurred to create a product that is intended for sale to customers. . Product . costs include direct material (DM), direct labor (DL) and manufacturing overhead (MOH)..