Finding Text
Federal Awards
15.042 – Indian School Equalization
15.060 – Indian Vocational Training United Tribes Technical College
47.070 – Computer and Information Science and Engineering
47.076 – Education and Human Resources (R&D)
84.245A – Tribally Controlled Postsecondary Career and Technical Institutions
84.299A – Indian Education – Special Programs for Indian Children
84.425F – HEERF Institutional Support
84.425K – HEERF Tribally Controlled Colleges and Universities (TCCUs)
Condition
The College operated its indirect cost plan during the year without an approved indirect cost rate. The final approved IDC rate was received on January 12, 2024.
Criteria:
The Office of Management & Budget’s Uniform Guidance requires that the College receive approval of its indirect cost recovery rate whenever federal and state funded programs are to be charged to the plan. Current year plans are required to be submitted no later than six months following the close of the prior fiscal year. These plans are sent to the U.S. Department of Interior – Interior Business Center (IBC) for approval and determination of an allowable cost recovery
rate.
Cause:
The College has not submitted (in a timely manner) an indirect cost rate proposal / plan to the IBC for review and approval.
Effect:
The College was using a provisional IDC rate during the year to charge indirect costs.
Recommendation:
Submission of the College’s indirect cost plan in a timely manner to IBC for plan and rate approval.
Views of Responsible Officials and Planned Corrective Actions
The FY23 and FY24 Indirect Costs Proposals were submitted and approved in January 2024. The College adjusted the IDC collections for FY23 and is currently using the FY24 IDC approved rate. The College continues to use an outside entity to work with UTTC Finance staff to complete future IDC Proposals in a timely manner. We expect the FY 25 and FY26 IDC Proposal to be submitted by December 31, 2024. The CFO is responsible to ensure this is completed.