Upon submittal of an Annual Financial Report (AFR) by a district or charter school, the district or charter school may request that the ADE calculate an Indirect Cost Rate (ICR) by placing a check mark in the check box provided, and then submitting the additional required information. The Audit Resolution Unit at ADE then calculates a restricted and a non-restricted rate and notifies the district or charter school of the approved restricted rate for use with State and Federal grants. Other entities (e.g. community-based organizations, community colleges and universities, state agencies, etc.) must provide to ADE Audit Resolution a copy of the letter of Indirect Cost from their cognizant agency showing their approved ICR in order for it to be entered into the Grants system.
Posted in: Indirect Cost