A Guide for Non-profit Institutions: Cost Principles and Procedures for Establishing Indirect Cost and Other Rates for Grants and Contracts with the Department of Health, Education, and WelfareU.S. Department of Health, Education, and Welfare, 1974 - 64 pages |
Common terms and phrases
accepted accounting principles activities allocated amount assets awarding agency brochure Cafeteria charged directly computed cost objective Cost Principles COST RATE PROPOSAL costs incurred deferred compensation Department of Health depreciation Deputy Assistant Secretary direct research salaries direct salaries document Education entire grant budget equipment Establishing Indirect Cost expenses extent facilities Federal fees fringe benefits functions Fund Raising Government Grant Administration Policy grant or contract grant/contract grantee/contractor grants and contracts indirect cost pool indirect cost proposal indirect cost rate institution's Internal Revenue Service items of cost June 30 Loss on Employees materiels ment necessary non-profit institutions normal Office operating organization performance period provisional indirect cost purposes rate base rate component rate established RATE PROPOSAL FORMAT rate(s Rates for Research reasonable reports of expenditures result salaries and wages SAMPLE INDIRECT COST Secretary for Grant taxes tion total direct costs treated as direct Welfare
Popular passages
Page 17 - ... any other consistent method productive of an annual allowance which, when added to all allowances for the period commencing with the taxpayer's use of the property and including the taxable year, does not, during the first two-thirds of the useful life of the property, exceed the total of such allowances which would have been used had such allowances been computed under the method described in paragraph (2).
Page 19 - Subpart 1-15.2, is that type of research which is directed toward increase of knowledge in science. In such research, the primary aim of the investigator is a fuller knowledge or understanding of the subject under study, rather than any practical application thereof.
Page 22 - Government grants/contracts; (6) whether the service can be performed more economically by employment rather than by contracting; (7) the qualifications of the individual or concern rendering the service and the customary fees charged, especially on non-government...
Page 12 - These standards should apply irrespective of whether a particular item of cost is properly treated as direct cost or Indirect cost. Failure to mention a particular item of cost in the standards...
Page 28 - Where identification with the materials received cannot readily be made, inbound transportation costs may be charged to the appropriate indirect cost accounts if the institution follows a consistent, equitable procedure in this respect.
Page 20 - ... credited. (c) Reasonable adjustments arising from differences between periodic physical inventories and book inventories may be included in arriving at costs, provided such adjustments relate to the period of performance of the contract.
Page 21 - ... standby plant protection, operation of utilities, or accounting; (C) in the performance of tests, industrial processes, laboratory procedures, loading or unloading of transportation media, and operations in flight or afloat, which are continuous In nature and cannot reasonably be interrupted or otherwise completed; or (D) which will result in lower overall cost to the Government.
Page 12 - These criteria apply to all of the selected items of cost which follow, notwithstanding that particular guidance is provided in connection with certain specific items for emphasis or clarity. (b) Costs incurred as reimbursements to a subcontractor under a cost-reimbursement type subcontract of any tier above the first fixed-price subcontract...
Page 26 - Employee training ; and (iv) Unfamiliarity or lack of experience with the product, materials, manufacturing processes and techniques. (2) Preparatory costs are costs incurred in preparing to perform the terminated contract, including costs of initial plant rearrangement and alterations, management and personnel organization, production planning and similar activities, but excluding special machinery and equipment and starting load costs. (3) If initial costs are claimed and have not been segregated...
Page 14 - Government contracts, are determined to be unreasonable either because they are unwarranted by the character and circumstances of the work or because they are discriminatory against the Government. The application of the provisions of a labor-management agreement designed to apply to a given set of circumstances...