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PUBLIC WORKS - Interim Director Will Pike
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Requested Action(s)
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a) ROAD AGREEMENT- Request approval and authorization for the Interim Director to sign Amendment #2 with MGT Impact Solutions, LLC (Road Agreement #2022-13 Amendment #1 2024-021) for the purpose of preparing an Indirect Cost Allocation Plan (ICAP) for FY 24/25 and FY 25/26, in an amount not to exceed $55,950, and shall commence 7/26/22 and terminating 6/30/26 (subject to receipt of required insurance documentation)
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Financial Impact:
Amendment No. 2 increases the compensation of the Road Agreement 2022-13 from $40,000 to $55,950. Funding has been budgeted in FY 24/25 Road Fund- Professional and Special Services, 3011-53230. There will be no impact to the General Fund.
Background Information:
An Indirect Cost Allocation Plan (ICAP)/Indirect Cost Rate Proposal (ICRP) is a document prepared by a Local Government Agency (LGA), or component thereof, to substantiate its request for the approval of a specific indirect cost rate or rates per the cost principles prescribed in Title 2 CFR Part 200. The ICAP examines all costs in an agency, and classifies them as eligible or ineligible, direct or indirect pursuant to parameters set forth in 2 CFR 200.
Indirect costs are those incurred for a common or joint purpose. These costs benefit more than one cost objective and cannot be readily identified with a particular final cost objective without effort disproportionate to the results achieved. After direct costs have been determined and assigned directly to Federal/State awards and other activities as appropriate, indirect costs are those yet to be allocated to benefited cost objectives.
All non-Federal agencies that want to claim indirect costs under Federal/State awards must prepare an indirect cost rate proposal or narrative cost allocation plan and related documentation to support those costs (2 CFR 200 Appendix VII D.1a). A governmental department or agency that receiv...
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