Deadline Extended for ISDs to Request 2015–2016 Federal Indirect Cost Rates

Word Version

February 5, 2015

TO THE ADMINISTRATOR ADDRESSED:

SUBJECT:       Deadline Extended for ISDs to Request 2015–2016 Federal Indirect Cost Rates

On December 4, 2014, TEA posted a letter to the TEA Correspondence page alerting independent school districts (ISDs) to a new process for requesting an indirect cost rate. As that letter explains, ISDs must submit a completed Indirect Cost Rate Proposal (ICRP) to TEA to receive an indirect cost rate for the 2015–2016 school year.

TEA has extended the ICRP submission deadline. ISDs interested in receiving an indirect cost rate for the 2015–2016 school year must submit the ICRP by February 27, 2015.

ICRP Guidance and Training

For guidance on completing and submitting the ICRP, refer to the following documents, posted on the Indirect Cost Rates page of the TEA website:

·        ICRP Guidance Handbook

·        ICRP Voiceover PowerPoint training (also available in accessible PDF format)

For Further Information

For more information about indirect cost rates and the ICRP, refer to the following resources:

·        Indirect Cost Rates page of the TEA website

·        January 29, 2015, To the Administrator Addressed (TTAA) letter, posted to the TEA Correspondence page

·        December 4, 2014, TTAA letter

·        September 16, 2014, TTAA letter

If you have any further questions about the ICRP, please email compliance@tea.texas.gov.  

Sincerely,

Ed Santiago, Senior Director
Division of Federal Fiscal Compliance and Reporting