Common use of Cost Allocation Plan Clause in Contracts

Cost Allocation Plan. If the CONTRACTOR has a negotiated indirect cost rate approved by a federal agency, it shall submit a copy of the approval letter when requested by COUNTY. If the CONTRACTOR does not have a negotiated indirect cost rate, CONTRACTOR shall submit an annual Agency-wide Cost Allocation Plan when requested by COUNTY. The Cost Allocation Plan shall be prepared in accordance with COUNTY instructions and the applicable OMB Circular and include the following information: 1. CONTRACTOR general accounting policies:  Basis of accounting  Fiscal year  Method for allocating indirect costs (simplified, direct, multiple, negotiated rate)  indirect cost rate allocation base 2. Identify the CONTRACTOR’S direct and indirect costs (by category) and describe the cost allocation methodology for each category. 3. Signature of CONTRACTOR management certifying the accuracy of the plan. Agencies have the option of negotiating an indirect cost rate or rates for use on all their federal programs. The CONTRACTOR must submit a cost allocation plan to the federal agency providing the most funds to the organization. The approved indirect cost rate is then applied to the total approved direct cost base. If CONTRACTOR has a federally approved indirect cost rate, CONTRACTOR shall submit a copy of the approval letter to COUNTY upon request.

Cost Allocation Plan. If the CONTRACTOR has a negotiated indirect cost rate approved by a federal agency, it shall submit a copy of the approval letter when requested by COUNTYCounty. If the CONTRACTOR does not have a negotiated indirect cost rate, CONTRACTOR shall submit an annual Agency-wide Cost Allocation Plan when requested by COUNTYCounty. The Cost Allocation Plan shall be prepared in accordance with COUNTY County instructions and the applicable OMB Circular and include the following information: 1. CONTRACTOR general accounting policies:  Basis of accounting  (cash or accrual) Fiscal year  Method for allocating indirect costs (simplified, direct, multiple, negotiated rate)  indirect cost rate allocation base 2. Identify the CONTRACTOR’S ’s direct and indirect costs (by category) and describe the cost allocation methodology for each category. 3. Signature of CONTRACTOR management certifying the accuracy of the plan. Agencies have the option of negotiating an indirect cost rate or rates for use on all their federal Federal programs. The CONTRACTOR must submit a cost allocation plan to the federal agency providing the most funds to the organization. The approved indirect cost rate is then applied to the total approved direct cost base. If CONTRACTOR has a federally approved indirect cost rate, CONTRACTOR shall submit a copy of the approval letter to COUNTY upon request.

Cost Allocation Plan. If the CONTRACTOR has a negotiated indirect cost rate approved by a federal agency, it shall submit a copy of the approval letter when requested by COUNTYCounty. If the CONTRACTOR does not have a negotiated indirect cost rate, CONTRACTOR shall submit an annual Agency-wide Cost Allocation Plan when requested by COUNTYCounty. The Cost Allocation Plan shall be prepared in accordance with COUNTY County instructions and the applicable OMB Circular and include the following information: 1. CONTRACTOR general accounting policies:  • Basis of accounting  (cash or accrual) • Fiscal year  • Method for allocating indirect costs (simplified, direct, multiple, negotiated rate)  indirect • Indirect cost rate allocation base 2. Identify the CONTRACTOR’S ’s direct and indirect costs (by category) and describe the cost allocation methodology for each category. 3. Signature of CONTRACTOR management certifying the accuracy of the plan. Agencies have the option of negotiating an indirect cost rate or rates for use on all their federal Federal programs. The CONTRACTOR must submit a cost allocation plan to the federal agency providing the most funds to the organization. The approved indirect cost rate is then applied to the total approved direct cost base. If CONTRACTOR has a federally approved indirect cost rate, CONTRACTOR shall submit a copy of the approval letter to COUNTY upon request.