School Finance


FY2011-12 Indirect Cost Rate Applications Now Available

Tuesday, March 1, 2011, 9:56 am

Districts that plan to charge indirect costs (e.g. general administration, accounting services, and personnel services) to FY2011-12 federal and state grant awards using an indirect cost rate must complete an indirect cost application form.  Application for an indirect cost rate does not increase the amount of the grant award.

Indirect Cost Rate Application forms and resources for FY2011-12 are now available on the OPI website.

Indirect Cost Rate Cover Letter (please read): http://www.opi.mt.gov/pdf/schoolfinance/Acct/CoverFY2012.pdf  

Indirect Cost Rate Instructions: http://opi.mt.gov/Pdf/SchoolFinance/Acct/IndirectInstruction2012.pdf

If you intend to reclassify costs to adjust your indirect cost rate, please read through the indirect cost rate instructions carefully.  For your convenience, costs that may be reclassified are highlighted in blue.  We have also created a reclassification calculator for aiding in the determination of your adjusted indirect cost rate.  The calculator is located at the following link:  http://opi.mt.gov/Pdf/SchoolFinance/Acct/FY12IDCCalc.xls

Schedule A, which shows the preliminary rates is available at:  http://www.opi.mt.gov/pub/index.php?dir=School%20Finance/ApprovedIndirectCost/ScheduleA/

Certification Forms are posted at:  http://www.opi.mt.gov/pub/index.php?dir=School%20Finance/ApprovedIndirectCost/Certificates/

If you have questions or need assistance viewing the files, please contact Donell Rosenthal at (406) 444-3024 or email drosenthal@mt.gov.

Questions about how to complete the indirect cost rate application should be directed to Paul Taylor.

For more information, contact Paul Taylor, (406) 444-1257