PPT-Indirect Costs

Branch Chief Indirect Cost Services Division ICSD Interior Business Center IBC US Department of Interior DOI Agenda General Principles Uniform Guidance Direct Indirect Unallowable Exclusions. Office of Acquisition and Logistics Management. Lorraine M. Trexler, Director. Division of Financial Advisory Services. June 30, 2014. For-profit organizations must follow Federal regulations and requirements when expending and accounting for Federal funds. Direct Speech. Repeats or quotes the exact words of the speaker. Indicated by double inverted commas (“ “). A new paragraph is used for each speaker. Eg. : The supporters shouted, “Come on, Liverpool!” . University of North Florida. ACG 4361. 1. Allocating . Indirect Costs:. Simple Costing & ABC. 2-2. Stage 2 Cost Allocation. Stage 1. Allocate Support Costs to Cost Pools. Stage 2. Allocate Production Cost Pools to Cost Objects. 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. . Appendices III - VII. Indirect/F&A Costs. 2 CFR 200.56. Costs incurred for Common or Joint purposes. Benefit more than one cost objective. Cannot be readily identified with particular cost objective without undue effort. Presenter: Controller-Treasurer Department - Cost Management Unit . March 7, 2017: Part I – Overview – Back to the Basics. March 16, 2017: Part II – Setting the rates - Governmental Funds, Proprietary Funds . 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 . COST ALLOCATION PLAN. Presented by:. . CSS Cost Allocation Plan Requirement. Directive . CCD-15-03. - Cost allocation…plans will be required as part of the . subrecipient’s. submission to a CSS Request for Proposal. Failure to submit plans that meet the . District . Submissions. Presented by: Dionne Denson, Deputy CFO. Bob Gauspohl, Audits Director. December 3. , 2015. 1. Training Topics. Language of Cost Allocation & Methodologies. Developing the Plan & Submission Requirements. 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. FYAP – May 6, 2014. Julie Wammack, Assistant Director. Sponsored Research Administration (SRA). Steps for Proposal Submission. Find funding that matches your research interests/needs. Review all . the agency documents – funding solicitation, agency guidelines, etc.. Direct Costs . +. . Unallowed. Costs. =. Rate %. . Fixed . with Carry-Forward. Indirect Rate Calculation. Indirect Cost Classification Matrix. Classifications: Direct, Excluded, Indirect, or Unallowed. Fiscal Year . #### Rates—provides guidance for all fiscal years. Authority. Office of Management and Budget (OMB) – Circular A-87. US Department of Education. Delegates authority for rate determination to states.