MAXIMUS’ Incurred Cost Proposals for Fiscal Years 2004 and 2005 (Limited Distribution)

The OIG's Office of Audit evaluated the indirect cost rates reported in MAXIMUS’ Fiscal Year (FY) 2004 and 2005 incurred cost proposals to determine whether the costs used to develop these rates were reasonable, allowable, and allocable in accordance with the contract terms and applicable Government acquisition regulations. The results determined that a nominal amount of the costs used to develop these rates were not in accordance with the contract terms and Government regulations.The OIG's Office of Audit evaluated the indirect cost rates reported in MAXIMUS’ Fiscal Year (FY) 2004 and 2005 incurred cost proposals to determine whether the costs used to develop these rates were reasonable, allowable, and allocable in accordance with the contract terms and applicable Government acquisition regulations. The results determined that a nominal amount of the costs used to develop these rates were not in accordance with the contract terms and Government regulations.Read the summary report