What is the appropriate F&A Rate for State of Illinois GOMB agencies?
|What is the appropriate F&A Rate for State of Illinois GOMB agencies?|
State of Illinois agencies that report to the Governor’s Office of Management and Budget (GOMB) are subject to the Grant Accountability and Transparency Act (GATA) when they sponsor Financial Assistance projects. For projects (a) submitted to a GOMB Agency and (b) for the purpose of Financial Assistance, Principal Investigators may elect to utilize an Indirect (F&A) Cost Rate of 20% MTDC for On-Campus projects or 10% MTDC for Off-Campus projects. When used on a project, the applicable, federally negotiated F&A rate is available for the cost share purposes – both unrecovered F&A and imputed F&A costs.
NOTE: These reduced rates are not available if either a higher rate has been previously established with the sponsor or the sponsor has published an acceptable lower rate restriction.