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Indirect Cost Recovery (ICR) Policy Comprehensive review for the year ended December 31, 2011

Indirect Cost Recovery (ICR) Policy Comprehensive review for the year ended December 31, 2011. Secretariat for Administration and Finance. Introduction. 4th annual ICR review 2011 Report provides an overview of: ICR financial results for 2011 Description of Sources of ICR

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Indirect Cost Recovery (ICR) Policy Comprehensive review for the year ended December 31, 2011

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  1. Indirect Cost Recovery (ICR) PolicyComprehensive review for the year ended December 31, 2011 Secretariat for Administration and Finance

  2. Introduction • 4th annual ICR review 2011 • Report provides an overview of: • ICR financial results for 2011 • Description of Sources of ICR • Description of Uses of ICR • 2012 Outlook • Report provides six comparative schedules

  3. Schedule ASources of ICR: 2009-2011 Financing by Area

  4. Schedule A (Variance)Sources of ICR: 2011 vs 2010

  5. Schedule BUses of ICR: 2009-2012 Uses by Area

  6. Schedule B (Variance)Uses of ICR: 2011 vs 2010

  7. Schedule C2009-2012 Statements of Changes in Cash Balance

  8. Schedule DSources and Uses of ICR: 2009-2011 Summary by Area

  9. Schedule EProgrammed Funds and ICR Collected: 2009-2011 Summary

  10. Schedule EProgrammed Funds and ICR Collected • Overall, the GS/OAS programmed USD 65 million and recorded indirect cost recoveries of USD 6.7 million for 2011, representing an average ICR rate of 10.3%. • In some cases the ICR formal rate collected is less than 11%: • Trust for the Americas – ICR rate 5% as they do not receive ICR back • GS/OAS compliance with donors’ legislation (effective ICR rate is 11% or 12%) • Credit for contributions directed to infrastructure (effective ICR rate is 11% or 12%) • In addition, regulations established under article 80i of the General Standards require the GS/OAS to exempt: • “Grandfathered” agreements (declining over the years) • Contributions by Member states totaling no more than USD 20,000 • Meetings co-financed by the Regular Fund Program-Budget

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