FEDERAL COST RECOVERY - INTRODUCTION - 9216

(Revised and renumbered from 8755.1)

Each agency/department receiving federal funds must do the following:

1. File an Indirect Cost Rate Proposal (ICRP), and/or Cost Allocation Plan (CAP) or Public Assistance Cost Allocation Plan (PACAP) with the federal government. First, send the ICRP, and/or CAP, or PACAP to the Department of Finance (Finance), Fiscal Systems and Consulting Unit (FSCU), for review and approval. SAM section 9216.2 discusses ICRPs in detail.
2. Recover full costs (including Statewide Cost Allocation Plan (SWCAP) recoveries).
   
3. Transfer SWCAP recoveries to the General Fund within 30 days after the end of each quarter.