Transcription of Calculating Indirect Cost (IDC)
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Calculating Indirect Cost (IDC)
CalculatingIndirect Cost (IDC)Texas A&M Forest Service Grants Program Training SeriesThis is the slide title Grants Program Training Series Those costs incurred for a common or joint purpose benefitting more than one cost objective, and not readily assignable to the cost objectives specifically benefitted, without effort disproportionate to the results achieved. (2 CFR )in other words, these costs are necessary for the organization to operate in an efficient manner and cannot be easily assigned to any one costs are:ExamplesWhy charge to grants?Who negotiates rate?FY15 -FY18 ratesWhat is Indirect cost?Modified Total Direct CostThis is the slide title Grants Program Training SeriesCentralized Administration & Facilities Maintenance Human Resources Payroll Computer Support Accounting Services Purchasing Inventory Control Grants Management Facilities & Grounds MaintenanceExamples:What may be considered Indirect costs?
Other (printing, postage, M&R, misc. exp.) 117,437.50 IDC (28% MTDC) 104,562.50 Total Award 500,000.00 Step 5: Calculate budget available for Other by subtracting all other budget items from total award. Complete Final Budget. Step 4 Calculating IDC: Back-in method Step 5 Step 1 …
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