March Newsletter
3/1/2024
FY25 ICRP Release Notification
The Fiscal Year 2025 (FY25) Indirect Cost Rate Proposal (ICRP) is available for completion.
The Ohio Department of Education and Workforce has created the ICRP for Ohio’s Local Education Agencies (LEAs) who wish to recoup a portion of their indirect expenses, normally charged to an entities general fund, by charging a federal grant. Section
34 CFR 76.561 of EDGAR requires the Department to annually approve an indirect cost-rate plan for each LEA that requests one. An approved rate is required before any state or local government agencies can charge indirect costs to a federal grant. Access the proposal workbook and instructions by clicking the links below.
Please submit the completed workbook to
indirectcost@education.ohio.gov by
April 30, 2024. The Department will review proposals on a first-in, first-out basis.
For assistance with completing the ICRP, please view the
indirect cost video series.
Please direct questions to
indirectcost@education.ohio.gov.
Budgeting Indirect Costs
After receiving an approved indirect cost rate, grantees can proceed to budgeting for the expense. Remember, the indirect cost recovery amount will be included as part of the total grant award. There is no additional monetary compensation for indirect cost recovery. The recovery is taken from the approved grant allocation, thereby reducing the available dollars approved in other areas of the budget for program usage. In addition, the approved indirect cost rate can only be applied to the amount of allowable expenditures, not the total grant award. For help in understanding how the indirect rate is applied to the budget, review
Applying The Approved Indirect Cost Rate to the Budget document and utilize the
Indirect Cost Budget and FER Calculation Worksheet. Please note that budget validations within the CCIP indirect cost rate field will limit the amount you are able to budget in accordance with these guidelines.
Please direct questions to
indirectcost@education.ohio.gov.