R277-424-2. Definitions

(1) "Direct costs" mean costs that can be easily, obviously, and conveniently identified by the Superintendent with a specific program. (2) "Indirect costs" mean the costs of providing indirect services. (3) "Indirect Services" mean services that cannot be identified with a specific program. (4) "Regional education service agency" or "RESA" the same as that term is defined in Section 53G-4-410. (5) "Restricted indirect cost rate" means: (a) for an LEA, a rate assigned to each LEA annually based on the ratio of restricted indirect costs to direct costs as reported in the annual financial report for the specific LEA; and (b) for a RESA, a rate determined by the RESA, up to the de-minimis rate when allowable. (6) "Unallowable costs" mean expenditures directly attributable to governance, including: (a) salaries; (b) expenditures of the office of the district superintendent, the governing board, and election expenses; and (c) expenditures for fringe benefits, which are associated with unallowable salary expenditures. (7) "Unrestricted indirect cost rate" means: (a) for an LEA, a rate assigned to each LEA annually, based on the ratio of unrestricted indirect costs to direct costs as reported in the annual financial report for the specific LEA; and (b) for a RESA, a rate determined by the RESA, up to the de-minimis rate when allowable.