We faced this issue 4-5 years ago when negotiations of a new rate
agreement were delayed and we were operating in a "provisional" period.

We approached each grant on a case-by-case basis with no adjustments to
Grant Bs for Grant A issues.

To the extent that grants had been closed prior to the negotiation
date, we provided no adjustment. It was only open active grants to which
we provided any retroactive adjustment.

We had no concerns or questions raised by the Feds based on this
approach.

Larry

~~~~~~~~~~~~~~~~~~~~~~~
Larry Waxler, Director
Office of Sponsored Programs
University of Southern Maine
15 Baxter Boulevard
P.O. Box 9300
Portland, ME  04104-9300
Telephone: 207-780-4413
Telefax: 207-780-4927

>>> "J. Michael Slocum" <xxxxxx@SLOCUMBODDIE.COM> 11/29/2011
11:45 AM >>>
Who is your rate negotiating agency?

J. Michael Slocum
Slocum & Boddie, PC
6225 Brandon Ave.
Suite 310
Springfield, VA 22150
703-451-9001
703-451-8557 (fax)
xxxxxx@slocumboddie.com

On Tue, Nov 29, 2011 at 11:23 AM, John Corcoran <xxxxxx@amnh.org>
wrote:

>  Good morning all,****
>
> ** **
>
> Does anyone have experience with provisional indirect rates and
> calculating retro adjustments?  If you can lend an ear, it would be
greatly
> appreciated.  During a period of diminishing indirect rate; ****
>
> ** **
>
> Has anyone attempted to offset their refund to the feds of
overbilled
> indirect with the same period’s waiver of indirect on other awards?
 Stated
> differently, if a rate reduction has caused an after the fact
overbilling
> of indirect and requires a refund to federal agencies on grant A,
would an
> agency be open to reducing the refund by virtue of unclaimed indirect
on
> grant B? ****
>
> ** **
>
> Thank you for your time,****
>
> John ****
>
> ** **
>
> ** **
>
> ** **
>
> John Corcoran****
>
> Assistant Director, Restricted Funds****
>
> Finance Department****
>
> American Museum of Natural History****
>
> Central Park West at 79th Street****
>
> New York, NY 10024****
>
> 212.769.5102****
>
> ** **
>
> ============== ****
>
>
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