4. Indirect Costs
A.4.01 - Definition:
Indirect costs represent the expenses of doing business that are not readily identified with a particular grant, contract, project function or activity, but are necessary for the general obligation of the organization and the conduct of activities it performs. Examples of indirect costs are:
a. Maintenance of shared facilities;
b. Depreciation of shared buildings and equipment;
c. Campus-wide or system-wide accounting services;
d. Human Resources;
e. Financial and accounting services
f. Campus-wide or system-wide library and computing services; and
g. Utilities of shared facilities
A.4.02 - Indirect Cost Rate:
The System shall renew and maintain a federal indirect cost rate.
A.4.03 - Charging Indirect Costs on Grants and Contracts:
LSCS Personnel are encouraged to seek the maximum allowed indirect costs for all grants and contracts.
LSCS Policy Manual Section adopted by the Board of Trustees on August 7, 2008