The attached list 2004-2005 Unrestricted and Restricted Indirect Cost Rates replaces the list issued in Commissioner's Communication FIN-05-046 June 29, 2005. This listing contains newly-computed rates for districts that have been affected by annexation or consolidation in the 2003-2004 and 2004-2005 school years. These rates have been calculated using data from the 2002-2003 fiscal year. For each district involved in annexation or consolidation, the 2002-2003 data was combined to calculate rates.
Print this Communication and the list of Indirect Cost Rates to place in the audit file for the district.
These rates are to be used for budgeting in the 2005-2006 school year. The rates for computing Indirect Cost reimbursement for the 2005-2006 will be issued prior to June 30, 2006.
Questions concerning these rates may be directed to Cindy Hedrick at (501) 682-4258.