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Training grants with 8% indirect cost cap Michael Pelletier 10 Mar 2004 10:11 EST

Some time ago I posted a question to the group concerning handling of the
under-recovery of indirect costs associated with training grants.    Our
auditors have maintained that the under-recovery has to be recognized on
the accounting statements as a financial loss, i.e. made up from our
financial reserves.    I received some information that suggested there may
be some disagreement on this point.

If you have familiarity or experience with this issue I would very much
like to hear from you.   I also would like to know where to look for a
definitive answer if there is one.

Thanks everyone--

Michael Pelletier
Associate Director, Office of Sponsored Programs
Education Development Center, Inc.

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