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While we discuss indirect costs and cost allocations, this text does not cover developing an indirect cost rate or developing an organization-wide cost allocation plan . Facilities and administrative (F&A)/indirect costs are expenditures incurred by a sponsored project (Workday grant function FN017 and funds FD035-FD048, and FD085) that are not readily identified with that project (see BPPM 40.25). These principles are for cost determination and are not intended to identify the circumstances or dictate the extent of Federal and State or local participation in financing a particular contract. Indirect costs related to salary and wages incurred as settlement expenses in and ; normally, such indirect costs shall be limited to payroll taxes, fringe benefits, occupancy costs, and immediate supervision costs.

Uniform Guidance Monitored Costs A list of the types of costs that are monitored under 2 CFR 200 Uniform Guidance (previously A-21). The Office of the Vice President for Research oversees Guiding Cost Principles a variety of interdisciplinary units that collaborate with faculty, staff, students and external partners to catalyze, support and safeguard research and scholarship activity.

General Cost Principles

Gains and losses of any nature arising from the sale or exchange of capital assets other than depreciable property shall be excluded in computing contract costs. The contractor’s charged labor costs would be excessive if the services were not available. Losses from operating food and dormitory services are allowable only if the contractor’s objective is to operate such services on a break-even basis.

An authorized Federal official must determine the percentage of costs allowed considering the complexity of litigation, generally accepted principles governing the award of legal fees in civil actions involving the United States, and such other factors as may be appropriate. However, if an agreement reached under paragraph of this section has explicitly considered this 80 percent limitation and permitted a higher percentage, then the full amount of costs resulting from that agreement are allowable. Pension plan costs may be computed using a pay-as-you-go method or an acceptable actuarial cost method in accordance with established written policies of the non-Federal entity. However, provisions for self-insured liabilities which do not become payable for more than one year after the provision is made must not exceed the present value of the liability. When a non-Federal entity uses the cash basis of accounting, the cost of leave is recognized in the period that the leave is taken and paid for. Payments for unused leave when an employee retires or terminates employment are allowable in the year of payment. It is recognized that teaching, research, service, and administration are often inextricably intermingled in an academic setting.

Subpart 31.6 – Contracts with State, Local, and Federally Recognized Indian Tribal Governments

As a result of compliance with specific written direction of the cognizant contracting officer. Whether increased flexibility https://simple-accounting.org/ in scheduling results in time savings and more effective use of personnel that would outweigh additional travel costs.