Short and Long Form F&A Rate Prep
Short and Long Form F&A Rate Preparation
OMB Circular A-21, "Cost Principles for Educational Institutions" sets forth the rules that cover Federal grants and contracts awarded to colleges and universities. The Circular requires the development and negotiation of a Facilities and Administrative (F&A) cost rate in accordance with specified allocation methods. The level of Federal awards determines whether the rate is prepared under the short-form (simplified) or long-form basis.
ML Weekes specializes in preparing rates under both methods. We can assist you in determining the appropriate method for your organization. ML Weekes has the resources to complete all aspects of the rate preparation process. Our staff can prepare a complete submission in an efficient and timely manner with minimal disruption to your ongoing operations.
Our indirect rate model and advanced allocation techniques have a proven record of success with both our clients and the government agencies we have negotiated with.