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Can I “round up” to the nearest dollar the amount charged to indirect costs?

April 26, 2017charged costs dollar indirect nearest

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Can I “round up” to the nearest dollar the amount charged to indirect costs?

1 Answer

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10 Posted

No. Grantees must use the actual indirect cost rate when charging indirect costs to a grant. Therefore, the actual indirect costs charged to a grant may not exceed the approved rate. This means the charges to indirect costs cannot be rounded up to the nearest dollar.