Statutes, codes, and regulations
Code of Federal Regulations
Title 2 - Grants and AgreementsSubtitle A - OFFICE OF MANAGEMENT AND BUDGET GUIDANCE FOR GRANTS AND AGREEMENTSChapter II - OFFICE OF MANAGEMENT AND BUDGET GUIDANCEPart 200 - UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDSSubpart E - COST PRINCIPLES
DIRECT AND INDIRECT (F&A) COSTS
Section 200.412 - Classification of costs

2 C.F.R. § 200.412

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Current through May 31, 2024
Section 200.412 - Classification of costs

There is no universal rule for classifying certain costs as either direct or indirect (F& A) under every accounting system. A cost may be direct with respect to some specific service or function, but indirect with respect to the Federal award or other final cost objective. Therefore, it is essential that each item of cost incurred for the same purpose be treated consistently in like circumstances either as a direct or an indirect (F& A) cost in order to avoid possible double-charging of Federal awards. Guidelines for determining direct and indirect (F& A) costs charged to Federal awards are provided in this subpart.

2 C.F.R. §200.412