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ICR for CNP

ICR for CNP. Application of Indirect Cost Rate for the Federal Child Nutrition Programs – Part 1 Presented by Nicholas Dunford. What are indirect costs?. Those costs that have been incurred for __________ ___________. These costs benefit _____ _____ _____ program.

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ICR for CNP

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  1. ICR for CNP Application of Indirect Cost Rate for the Federal Child Nutrition Programs – Part 1 Presented by Nicholas Dunford

  2. What are indirect costs? • Those costs that have been incurred for __________ ___________. • These costs benefit _____ _____ _____ program. • Identification with a single project would require effort _____________ to the results achieved. • Examples?

  3. What are direct costs? • Those that can be identified specifically with a _______ cost objective. • Examples?

  4. Are all costs direct or indirect? • NO • OMB Circular A-87 defines certain costs as being ___________ and not to be used in the calculation of an indirect cost rate. • Examples?

  5. What is an indirect cost rate? • A simplified means for distributing a ____ _____ of a subgrantee’s administrative costs to federal grants. • The indirect cost rate is the ratio of the _______ costs to a ________ cost base. • What guidance establishes rules on ICR?

  6. Does every SFA have an ICR? • NO • Any SFA requesting an indirect cost rate from the ADE will be given one.

  7. How does a SFA request an ICR? • Check the ICR box ‘YES’ on the AFR. • Where on the AFR? • Pg. ___ Letter ___

  8. What type of rate is it? • ADE utilizes a _______ rate with a carry-forward provision.

  9. What’s a fixed rate with carry forward provision? • Estimate ______ period operations using current year data. • Create rate based on those estimations. • e.g. using SY2009 AFR to calculate SY2011 ICR. • When SY2011 is done, compare _______ against estimated and difference is carried forward.

  10. Can new SFAs get ICR? • YES • For the first two years, SFA will receive State average. • After first two years, any differences will be adjusted using the _______ ________ provision.

  11. Why a fixed rate with carry forward provision? • Three-year period showed a wide variance in ICR from year to year. • Carry forward provision attempts to include _______ _______.

  12. How is ICR calculated? • The Basic Formula Actual __________ Costs Plus Carry Forward Provision EqualsIndirect Cost Pool Total Indirect Cost Pool Total Divide by ________ Cost Total EqualsFixed Rate Percentage with Carry Forward Provision

  13. Restricted vs. Unrestricted? • Restricted = • __________ but not __________ grant requirement. • Unrestricted = • NO __________ but not __________ grant requirement.

  14. ICR on all grants? • NO • ICR only on __________ grants that do not prohibit recovery. • __________ grants do not contain ICR provisions.

  15. Limitations on recovery of indirect cost? • YES… • 3 Major: • 1) __________ Rate • 2) Fund __________ • 3) Direct Cost __________

  16. How to apply ICR? • Apply to _____ or _____ eligible projects. • SFA discretion • Apply max rate or less than max rate. • SFA discretion • If less than max, must be uniform.

  17. What is max ICR? • Maximum rate is the _______ of: • Maximum ICR allowed by grant; OR • ICR issued by ADE; OR • Actual indirect costs • Restricted max = ____.00% • Unrestricted max = ____.00%

  18. ICR good for what period? • Applied to a specific ______ fiscal year. • July 1 – June 30

  19. Restrictions on indirect cost fund? • NO • Federal statutes do not restrict use of indirect cost funds.

  20. Contact Info • Gary Holland 1535 W JEFFERSON ST BIN# 19 PHOENIX, AZ 85007 • (602) 364-3518 • gary.holland@azed.gov

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