Completing the Cumulative (IER) - (Rev. 2, 08-30-02)

60 - Completing the Cumulative (IER) - (Rev. 2, 08-30-02) A1-1321, B1-4321 The IER provides cumlative costs for each activity, using the same multiple-use Administrative Budget and Cost Report format referenced in Chapter 1, §80. It adds the Administrative Funds Drawn section to the Certification Schedule as displayed in §50. The contractor shall report costs on an "allowable costs" basis in accordance with 48 CFR 52.216-7(b) and on a fully accrued basis including year-end and other adjustments. It shall follow these instructions unless it has a contract that contains specific terms and conditions that differ from these instructions. In that case, it shall use these instructions as general guidance only. The IERs will generally be submitted on a monthly basis unless otherwise stated in the contractor's specific contract. The contractor shall make adjustments, within a FY, to prior interim reports on the subsequent IER. It shall make adjustments to the October- September IER on the FACP. It shall submit a revised October-September IER prior to submitting a FACP if the changes are material and the change is discovered prior to preparation of the FACP. (See §130.) It shall note all material adjustments.