Restricted indirect cost rate definition

Restricted indirect cost rate means a rate assigned to each LEA annually based on the ratio of restricted indirect costs to direct costs as reported in the annual financial report for the specific LEA.
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Restricted indirect cost rate means a rate assigned to each school district annually based on the ratio of restricted indirect costs to direct costs as reported in the annual financial report for the specific district.
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Examples of Restricted indirect cost rate in a sentence

  • The maximum amount of indirect costs charged to the grant shall be determined by the following formula: Indirect costs= (Restricted indirect cost rate) x (Base) Base: Total direct costs excluding capital expenditures (including equipment as defined in this Section), alterations and renovations, food purchases, personal service contracts and subawards in excess of $25,000 per subcontract/subaward, previously charged indirect costs, and flow through funds.

  • Under the programs referenced in 34 CFR 76.563, the maximum amount of indirect costs under a grant is determined by the following formula:Indirect costs = (Restricted indirect cost rate) × (Total direct costs of the grant minus capital outlays, subgrants, and other distorting or unallowable items as specified in the grantee's indirect cost rate agreement);2.

  • The maximum amount of indirect costs charged to the grant shall be determined by the following formula: Indirect costs= (Restricted indirect cost rate) x (Base) Base: Total direct costs excluding capital expenditures (including equipment as defined in this Section), alterations and renovations, food purchases, personal service contracts and subawards in excess of $25,000 per subcontract/subaward, previously charged indirect costs and flow through funds.

  • When computing the Restricted indirect cost rate, terminal leave costs to employees who are indirect for the Unrestricted Rate, but direct for the Restricted Rate (i.e. superintendent and their office), are considered direct cost payments for rate calculation purposes only.

  • When computing the Restricted indirect cost rate, unused leave costs to employees who are indirect for the Unrestricted Rate, but unallowed for the Restricted Rate (i.e. superintendent and their office), are considered to be part of the direct base cost for rate calculation purposes only.

  • The maximum amount of indirect costs charged to the grant shall be determined by the following formula: Indirect costs= (Restricted indirect cost rate) x (Base)Base: Total direct costs excluding capital expenditures (including equipment as defined in this Section), alterations and renovations, food purchases, personal service contracts and subawards in excess of $25,000 per subcontract/subaward, previously charged indirect costs and flow through funds.

  • Pursuant to 34 CFR 76.569 – the maximum amount of indirect costs for programs referenced in 76.563 is determined by the following formula: Indirect costs = (Restricted indirect cost rate) x Base).

  • Calculating Indirect Costs: The maximum amount of indirect costs charged to the grant shall be in accordance with the following formula: Indirect costs= (Restricted indirect cost rate) x (Base) Base: Total direct costs excluding capital expenditures, alterations and renovations, food purchases, personal service contracts and subawards in excess of $25,000 per subcontract/subaward, previously charged indirect costs and flow through funds.

  • When computing the Restricted indirect cost rate, unused leave costs to employees who are indirect for the Unrestricted Rate, but direct for the Restricted Rate (i.e. superintendent and their office), are considered direct cost payments for rate calculation purposes only.Payments to separating employees for unused leave are NOT charged as direct costs to any federal awards.2) Unrestricted indirect cost rates may be calculated for use under programs without limitations on indirect costs.

Related to Restricted indirect cost rate

  • Indirect Cost Rate means a device for determining in a reasonable manner the proportion of indirect costs each Program should bear. It is a ratio (expressed as a percentage) of the Indirect Costs to a Direct Cost base. If reimbursement of Indirect Costs is allowable under an Award, Grantor will not reimburse those Indirect Costs unless Grantee has established an Indirect Cost Rate covering the applicable activities and period of time, unless Indirect Costs are reimbursed at a fixed rate.

  • Indirect cost means any cost not directly identified with a single final cost objective, but identified with two or more final cost objectives or with at least one intermediate cost objective.

  • Indirect Costs has the same meaning as in 44 Ill. Admin. Code 7000.30.

  • Late Payment Surcharge shall have the meaning ascribed thereto in Article 10.3.3 of this Agreement;

  • Direct Costs means the sum of the following: