Account Attributes
Indirect Cost Rate 
 
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: 
  1. Period covered by the grant or contract 
  2. 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.
FAS User's Manual Table of Contents 
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