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Must the indirect cost rate proposal or the central service cost allocation plan be prepared centrally for each state department performing under federal grant programs?

April 26, 2017allocation centrally COST indirect Plan prepared proposal rate service

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Must the indirect cost rate proposal or the central service cost allocation plan be prepared centrally for each state department performing under federal grant programs?

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SAM Section 8755.1 states that each state department receiving federal funds has the responsibility to file an ICRP with the federal government. State departments will send their ICRPs to the Department of Finance for review and approval prior to submitting the ICRP to the federal government.