School Finance Update February 2008

Cover School Finance Update February 2008
School Finance Update February 2008
Montana.Office of Public Instruction.School Budgeting And Accounting Division
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Application for an indirect cost rate does not increase the a mount of the grant award, The early submission date will ensure that districts' approved indirect cost rates (IDC s) are loaded into the Electronic G rants ManagementSystem (E-G rants) when the 2008-2009 E- G rant applications are available to districts. Indirect Cost Rate Application forms and resources for FY 2009 are available on the OPI website.
Indirect Cost Rate Cover Letter (please read): http://www,opi,mt,qov/P DF/SchoolFinan
...ce/Acct/CoverFY2009,pdf Indirect Cost Rate Instructions: http://www.opi.mt.qov/PUB/PDF/SchoolFinance/AccVlndirectinstruction2009.pdf If you intend to reclassify costs to adjustyour 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 calculatorfor aiding in the determination of your adjusted indirect cost rate. The calculator is located at the following link.

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