Does your unit manage funding within an indirect cost recovery (ICR) C-FOP? If so, see below for some helpful information and resources related to this fund type:
- The ICR fund (200250) resides in fund type 2C and accounts for recoveries of revenue generated from facilities and administrative (F&A) rate assessments to sponsored projects. These assessments charge sponsored projects for their share of facilities and administrative costs, which are commonly referred to as indirect costs or overhead.
- The ICR funds also account for revenue generated from the tuition remission rate assessments to sponsored projects. These rate assessments charge sponsored projects that utilize research assistants to ensure that the sponsored project covers its share of the tuition waivers granted to those assistants.
- The 200250 fund code is shared by all units across the entire system. Thus, each unit must use their applicable organization code and department-specific program code along with the 200250 code to distinguish its allocation of ICR funding.
- For additional information on managing and accounting for ICR funds, refer to the following resources:
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