Budgets…Budgets…Budgets

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The fourth quarter has arrived and with that there are certain things that management should be preparing for the upcoming year. One of those items is computing budgeted indirect rates (provisional rates) for Fiscal Year 2017 (FY17). When calculating the FY17 rates, you want to ensure that the buildup includes any changes the business may expect in the upcoming year, for example, employee population growth due to new awards, changes in fringe benefit plans and any other strategic changes impacting business. Once calculated, these updated provisional rates should be used in your 2017 billing invoices. On October …read more

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