ADMINISTRATIVE AND INDIRECT COSTS Sample Clauses

ADMINISTRATIVE AND INDIRECT COSTS. ‌ The federally-negotiated indirect rate plus administrative costs to be applied against this agreement, by xxxxxxx 00 X.X.X. § 000000, shall not exceed 25% of the total budget. Administrative costs are defined as: Allowable, reasonable, and allocable costs related to the overall management of activities directly related to finance (accounting, auditing, budgeting, contracting), general administrative salaries and wages (grant administration, personnel, property management, equal opportunity) and other “overhead” functions (general legal services, general liability insurance, depreciation on buildings and equipment, etc.) not directly attributable to specific program areas identified in the grant agreement. All administrative costs reported must be absolutely necessary for project and/or program implementation, such as the cost items identified in the final grant agreement or items otherwise approved in writing by the NPS Awarding Officer (AO).
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ADMINISTRATIVE AND INDIRECT COSTS. The federally-negotiated indirect rate plus administrative costs to be applied against this agreement, by statute 54 U.S.C. § 302902, commonly known as Section 102 (e) of the ACT, shall not exceed 25% of the total budget. The Recipient will not use an indirect cost rate for this agreement.
Sample 1
ADMINISTRATIVE AND INDIRECT COSTS. The federally negotiated indirect cost rate plus administrative costs to be applied against this Agreement, by statute 54 U.S.C. § 302902, commonly known as Section 102 (e) of the National Historic Preservation Act (NHPA) of 1966, shall not exceed 25% of the total budget. Administrative costs are defined as: Allowable, reasonable, and allocable costs related to the overall management of activities directly related to finance (accounting, auditing, budgeting, contracting), general administrative salaries and wages (grant administration, personnel, property management, equal opportunity) and other “overhead” functions (general legal services, general liability insurance, depreciation on buildings and equipment, etc.) not directly attributable to specific program areas identified in the grant agreement. All administrative costs reported must be absolutely necessary for project and/or program implementation, such as the cost items identified in the final grant agreement or items otherwise approved in writing by the THC and NPS Awarding Officer (AO).
Sample 1

Related to ADMINISTRATIVE AND INDIRECT COSTS

  • Administrative Costs Administrative costs must not be included in the budget neutrality limit, but the State must separately track and report additional administrative costs that are directly attributable to the Demonstration. All administrative costs must be identified on the Forms CMS-64.10 Waiver and/or 64.10P Waiver.

  • Indirect Costs If indirect costs are charged, the Subrecipient will develop an indirect cost allocation plan for determining the appropriate Grantee share of administrative costs and shall submit such plan to the Grantee for approval.