|Date Issued:||04/27/2009||Date Last Updated:||04/27/2009|
|Bulletin Name:||Fringe Benefit & Indirect Cost Assessments: Fiscal Year 2009-10|
This bulletin provides State agencies with the state Fiscal Year 2009-2010 fringe benefit and indirect cost assessment rates and outlines the procedures for payment of these costs.
State Fiscal Year 2009-10 Rates:
|The Division of the Budget has also provided OSC with agency-specific federal indirect cost rates that will be used to produce the quarterly Fringe Benefit/Indirect Cost Invoice (CTL610) report. The indirect cost rates can be obtained by contacting your agency budget examiner.
All state departments and agencies are required to pay the full fringe benefit and indirect cost shown on OSC invoices. Payments at less than the full rate require specific legislation, regulation or an approved waiver from the Division of the Budget. In some cases, Federal Grants allow greater Indirect Cost recoveries than that billed on the CTL610. When this occurs, Agencies must use Object Code 35320 (Refunds & Reimbursements) for that portion of the indirect cost payment that exceeds the assessed amount.
Journal Vouchers, using batch type FBP, may be entered and released at agency terminals provided they are mailed, with an error-free copy of the batch control list (BCL), within 48 hours after they are entered to:
Office of the State Comptroller
|Journal Voucher (JV) Coding||
Charge lines on the JV should be coded as follows:
Definitions, legal authority, detail billing and payment procedures are outlined in Section 6.0200 of the NYS Accounting System User Procedure Manual- Controls and Special Procedures (Volume XI) published on OSC’s website (www.osc.state.ny.us) under “Comptroller’s News for State Agencies”.