Arkansas Department of Education Division of Elementary and Secondary Education Indirect Cost Rates for Fiscal Year 2022-23

Memo Information

Memo Number
FIN-23-008
Memo Date
8/26/2022
Memo Type
Administrative
Unit
Fiscal & Administrative Services
Regulatory Authority
2 CFR Part 200
Response Required
NO
Attention
Federal Programs; Superintendents; Assistant Superintendent; General Business Managers; Bookkeepers

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Memo Text

Please visit ADE DESE’s School Funding Website (https://dese.ade.arkansas.gov/Offices/fiscal-and-administrative-services/school-funding/indirect-cost ) for current and prior year indirect cost rates, subaward material and an indirect cost calculation tool. The indirect cost calculation tool is not required and does not require any additional data submissions to ADE DESE, however it may be helpful in determining the indirect costs that may be charged against federal grant programs.

The fiscal year 2022-23 rates have been calculated using fiscal year 2020-21 data.  The fiscal year 2022-23 indirect cost rates are to be used for expenditures in the fiscal year 2022-23.  Please note that these are the final 2022-23 rates and no rate adjustments are required at the end of 2022-23 for budgeting purposes

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