ii. Agency has selected to apply a de minimus rate of 15% to modified total direct costs.

Board of County Commissioners Meeting · 2026-05-05 · agenda_item

This item concerns a grant agreement for strategic public transportation development. The State of Florida Department of Transportation is involved, and the Board of County Commissioners for Indian River County will review the item. A key detail is the potential application of a 15% de minimis rate to modified total direct costs for entities without a previously negotiated indirect cost rate. This rate, if chosen, must be used consistently for all federal awards. A cost policy statement and de minimis certification form will need to be submitted for review and approval. This is an early stage in the process, as the item is under review. The work would involve administrative and financial planning related to grant management and compliance. Contractors, suppliers, and service providers interested in public transportation projects or grant administration could benefit from early engagement to understand the requirements and potential future needs as this agreement progresses.

de minimis rate

15 %