Compliance Tip #21 from the Native Learning Center

Compliance Tip #21 from the Native Learning Center Compliance & Resource Development Director, Vince Franco – Indirect Cost Rate Calculation (Coronavirus Relief Funds)
 
The Office of Management and Budget (OMB) has approved an exception to 2 CFR Part 200.405(b) Allocable Costs. The exception allows tribes to exclude from the direct cost base in the indirect cost rate calculation any funds from the Coronavirus Relief Fund (CRF) that deny indirect cost recovery.
 
The CARES Act established the $150 billion CRF, which does not allow for federal reimbursement of indirect costs. However, OMB received requests from tribal and state and local government representatives that received CARES Act CRF funds to exclude from the computation of indirect cost rates all the CARES Act CRF funding that do not allow the recovery of indirect costs, since including them would result in unintended reductions to the actual amount of indirect cost of funding received by these entities.
For additional information and instructions on the application of this exception, please check the U.S. Department of the Interior website or contact their point of contact Craig A. Wills at craig_wills@ibc.doi.gov or at 916-930-3828.
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