School Finance


FY 2015 Indirect Cost Rate Applications Now Available

Thursday, January 30, 2014, 10:07 am

Districts that plan to charge indirect costs (e.g., general administration, accounting services, and personnel services) to FY 2015 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 FY 2015 are now available on the OPI website.

Indirect Cost Rate Cover Letter (please read): http://www.opi.mt.gov/pdf/SchoolFinance/Acct/CoverFY2015.pdf

Indirect Cost Rate Instructions: http://www.opi.mt.gov/pdf/SchoolFinance/Acct/IndirectInstruction2015.pdf

If you intend to reclassify costs to adjust your indirect cost rate, please read 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 to assist in the determination of your adjusted indirect cost rate.  The calculator is located at the following link: http://www.opi.mt.gov/pdf/SchoolFinance/Acct/FY15IDCCalc.xlsx

Schedule A, which shows preliminary rates: http://www.opi.mt.gov/pub/index.php?dir=School%20Finance/ApprovedIndirectCost/ScheduleA/ScheduleAFY15/

The Certification forms are located at: http://www.opi.mt.gov/pub/index.php?dir=School%20Finance/ApprovedIndirectCost/Certificates/CertificatesFY15/

For more information, contact Debbie Casey, (406) 444-3096