Indirect Cost Rate (ICR) Documentation Submission Update

Effective immediately, Exhibit 10-A, “A&E Consultant Financial Document Review Request,” of the Local Assistance Procedures Manual (LAPM), is modified to include the requirement of all prime and subconsultants on contracts of $150,000 or more to provide an indirect cost rate schedule and a labor cost summary. This updated Exhibit 10-A and all LAPM forms can … Read moreIndirect Cost Rate (ICR) Documentation Submission Update

Why 88.53?

When you become involved with federal-aid projects in California, an unusual, but commonly referred number is introduced to you: 88.53. The odd number represents the federal share percentage on local agency RSTP and CMAQ-funded projects … but why? Here’s how I answer to the often asked question. Federal funds typically1 provide a maximum 80% of … Read moreWhy 88.53?