How are indirect costs calculated?

Through a formula negotiated with the Department of Health and Human Services.  Our budget director, negotiates the rate for LCSC every 5 years.
 

The LCSC Indirect cost recovery rate is 32.5% of direct costs EXCLUDING:

		Capital outlay/equipment (over $5K)
		Tuition
		Stipends
		Scholarships
		Rental cost of off-site facilities
		Any amount over  $25,000 on subcontracts

If you have any questions about what qualifies for indirect cost please contact the Office of Grants & Contracts at 792-2460 or 792-2461.

Federal agencies shall use the negotiated rates for F&A costs in effect at the time of the initial award throughout the life of the sponsored agreement.  (OMB A-21 G7)

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