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PUBLIC WORKS DEPARTMENT - Director Jim Simon
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Requested Action(s)
recommendation
a) ROAD AGREEMENT- Request approval and authorization for the Director to sign Amendment No. 1 with MGT Impact Solutions, LLC (Road Agree #2022-13) for the purpose of preparing an Indirect Cost Allocation Plan (ICAP) for FY 2024/25, in an amount not to exceed $40,000, shall commence 7/26/22 and terminating 6/30/25
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Financial Impact:
Amendment No. 1 increases the compensation of Road Agreement 2022-13 from $30,500.39, to $40,000. Funding has been budgeted in the FY 2024/25 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 remaining 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 receives more than $35 million in direct Federal funding must submit its indirect cost rate p...
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