Field Name: |
INDIRECT COST RATE |
Inquiry Screen #: |
06 |
Common Abbreviation: |
INRAT |
Dictionary Reference #: |
FS444 |
Field Length: |
4 numeric characters, with implied decimal point (xxx.x);
see "Values" below |
Required Accounts: |
All Subsidiary Ledger accounts in Restricted Funds for
which indirect cost is authorized by the funding agency. |
Definition: |
This attribute indicates the indirect cost rate that will
be charged to the account. The indirect cost rate is expressed as a percentage
of the indirect cost base (FS442) and may vary from year to year. In determining
the indirect cost rate applicable to a grant or contract, the following
two factors must be taken into consideration:
-
Period covered by the grant or contract
-
Indirect cost rate or rates applicable during the duration of the grant
or contract
AM953 shows the indirect cost rate charged to each grant and contract. |
Modification: |
Online |
Responsibility: |
Manager, Department Accounts, Restricted Funds. |
Data Verification Procedure: |
Monthly review of AM040 and quality control. Verification
is the responsibility of the Manager, Cash Management, Restricted Funds. |
Applicable Accounts: |
Subsidiary Ledger:
5-20001 through 5-26998
5-27000 through 5-27399
5-27401 through 5-27999
5-28001 through 5-29998
5-30001 through 5-99899
Various Ledger 6 |
|
Values: |
An indirect cost rate of 69% would be valued 0690 and 28.5%
would be 0285. Rate is negotitated periodically. |