Indirect Cost Rate Proposal (ICRP) Rates and Information

State policy requires departments to recover full costs whenever goods or services are provided for others. The full cost of goods or services includes all costs attributable directly to the activity plus a fair share of indirect costs, which can be ascribed reasonably to the goods or services provided. The annual preparation and approval of an Indirect Cost Rate Proposal (ICRP) is a requirement of the Department of Finance and the means for justifying the reasonableness of that "fair share". The ICRP rate applied to reimbursed funding (costs paid by Local Funds such as measure money, developer fees, special assessments, etc.) consists of both the Program Functional Rate and the Administrative Rate components.

Additionally, SB 45 requires that the Department include indirect costs as part of project costs on all non-reimbursement capital outlay support projects. The ICRP rate applied to non-reimbursed capital outlay support funding (e.g.: State funds, Federal funds, Bond Funds) consists of only the Program Functional Rate component.

Indirect cost rates are applied to the direct labor costs of work performed. All ICRP rates are submitted to the Department of Finance and the Federal Highway Administration for review and approval. No exemption is permitted for application of ICRP except as specified in law.

• ICRP Rates 2024-25 (PDF)
• ICRP Rates 2023-24 (PDF)
• ICRP Rates 2022-23 (PDF)
• ICRP Rates 2021-22 (PDF)
• ICRP Rates 2020-21 (PDF)
• ICRP Rates 2019-20 (PDF)
• ICRP Rates 2018-19 (PDF)
• ICRP Rates 2017-18 (PDF)
• ICRP Rates 2016-17 (PDF)
• ICRP Rates 2015-16 (PDF)
• ICRP Rates 2014-15 (PDF)
• ICRP Rates 2013-14 (PDF)
• ICRP Rates 2012-13 (PDF)
• ICRP Rates 2011-12 (PDF)
• ICRP Rates 2010-11 (PDF)
• ICRP Rates 2009-10 (PDF)