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Q&A

Indirect Cost Rate initiative and backlog clearance efforts

1:40:34

ยท

63 sec

Council Member Julie Won inquires about the plan to clear the backlog for the Indirect Cost Rate (ICR) initiative. Director Lisa Flores outlines the administration's commitment to the ICR process and recent actions taken.

  • Administration committed to the ICR process
  • ICR approval is valid for three years once granted
  • Recent directive issued to agencies reminding them of the ICR process
  • Upcoming correspondence to providers about the ICR directive
Julie Won
1:40:34
Secondly, there are budget modifications like the indirect cost rate initiative that providers have been waiting on for years.
1:40:41
What's the plan to get that backlog cleared?
Lisa Flores
1:40:44
Thank you for that question.
1:40:46
As you know, the administration has committed to the ICR.
1:40:52
As you know, we have an ICR process that once a provider either you either get the de minimis rate or if you elect to request a higher rate, that that process, once approved, is for three years.
1:41:09
The ICR rate is extremely important, obviously, for providers to maintain their full budget.
1:41:14
And we work very closely with OMB and our agencies to ensure that those are done properly.
1:41:20
We actually issued a directive to agencies in the last few weeks reminding agencies of the process, our commitment to the ICR, and if it hasn't gone out already, there will be a correspondence that goes out to providers as well alerting them of our directive to agencies.
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