Where can an LEA find their respective indirect cost rate?
A. Approved indirect cost rates are available on the State Board of Education (ISBE) Web site. Indirect cost rates are calculated annually by ISBE. The indirect cost rate methodology, policy and procedures the State Education Agency (ISBE) uses to establish indirect cost rates for their LEAs is submitted to the Centers for Medicare and Medicaid Services (CMS) for approval and acceptance. Approval and acceptance is confirmed and conveyed to ISBE in a Delegation Agreement for Local Education Agencies. The latest methodology approval #99-134 is for the 5-year period July 1, 2001, through June 30, 2006.
