Reporting and Operations
Federally Approved Rates
Posted: December 1, 2009
Size of Organization:
Nonprofits receiving Federal funding must have federally approved rates for many allocated expenses.
- Rates are available for fringe benefits costs, general and administrative costs, or separate rates for administrative costs and facilities costs rather than one rate for general and administrative costs.
- The rates are granted by the nonprofit’s cognizant Federal agency.
- These rates must be applied consistently to all the nonprofit’s activities and not just those federally funded.
- Circular A-122 from the U.S. Office of Management and Budget (OMB) provides more information about federally approved rates. This circular is available at www.grants.gov.