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U.S. Department of the Treasury, State and Local Fiscal Recovery Funds: "SLFRF Program Award Exclusion from Recipient Indirect Cost Rate Calculation"

Summary

The Office of Management and Budget approved a request from the U.S. Department of the Treasury, Office of Recovery Programs (Treasury ORP) to let direct State and Local Fiscal Recovery Fund recipients exclude their SLFRF award, Assistance Listing Number 21.027, from the direct cost base used to calculate their Federal indirect cost rate, according to this Treasury notice. Treasury ORP is working with OMB and the Department of Interior, Interior Business Center (DOI IBC) to implement the exception and recommends that Tribes contact DOI IBC about specific rates. The notice states the exception minimizes fluctuations and potential decreases in indirect cost rates due to the temporary influx of SLFRF award funds. Background notes define direct and indirect costs, citing 2 CFR 200.413 and 2 CFR 200.414.

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“U.S. Department of the Treasury, State and Local Fiscal Recovery Funds: ‘SLFRF Program Award Exclusion from Recipient Indirect Cost Rate Calculation.’” Original at home.treasury.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/u-s-department-of-the-treasury-state-and-local-fiscal-recovery-funds-s-3e364b05e9/, SHA-256 93d5033c3a612bab452c81ca31f17464b1c1e5dfbc42c95b2035eed12f08723f.

Full text

                   SLFRF Program Award Exclusion from Recipient
                           Indirect Cost Rate Calculation


The Office of Management and Budget (OMB) approved a request from the U.S. Department of
the Treasury, Office of Recovery Programs (Treasury ORP) to permit direct State and Local Fiscal
Recovery Fund (SLFRF) recipients to exclude their SLFRF award, Assistance Listing Number
21.027, from their direct cost base used to calculate their Federal indirect cost rate.

Treasury ORP is working with our partners at OMB and the Department of Interior, Interior
Business Center (DOI IBC) to implement this exception. Treasury ORP recommends that Tribes
contact DOI IBC with questions about specific rates. DOI IBC can be contacted by email at
ics@ibc.doi.gov.

An overview of effects of this exception on Tribes as well as background information on indirect
cost rates can be found below.


How does this exception affect my Tribe?

The exception to exclude SLFRF award funds from SLFRF recipient direct cost bases used to
calculate their Federal indirect cost rate:
    • Promotes stability and continuity for your indirect costs
    • Minimizes fluctuations and potential decreases in indirect cost rates due to the
        temporary influx of SLFRF award funds
    • Supports your ability to effectively plan what amount of Federal funds you will have
        available for indirect costs

Background Information on Indirect Cost Rates

   •   Direct costs can be identified with a specific, final cost objective (e.g., federal award,
       funded activity) that can easily be directly assigned to activities associated with an
       award with a high degree of accuracy. For example, program-specific equipment,
       employee salaries, and consultant fees. For more information on direct costs, please see
       2 CFR 200.413.

   •   Indirect costs are costs incurred for a common or joint purpose that benefits more than
       one federal award or funded activity and are not easy to assign to a specific cost
       objective. For example, general expenses such as printer paper, paper towels, rent for
       office space, and utilities. For more information on indirect costs, please see 2 CFR
       200.1, 2 CFR 200.414, and 2 CFR Part 200, Appendix VII.



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•   An indirect cost rate is the percentage that a recipient can apply across all federal
    awards to determine what portion of their awards they may use to pay for indirect costs
    unless provided otherwise. For example, some Federal awards have limits on the
    amount of award funds that may be used for administrative costs and recipients may
    not be permitted to use an indirect cost rate to charge indirect costs to the awards.

•   The DOI IBC is responsible for developing negotiated indirect cost rate agreements
    (NICRAs) for Tribes. The indirect cost rate in a Tribe’s NICRA may be used across all
    federal financial assistance awards as permitted by applicable statutes, regulations, and
    policies.




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