Wednesdays are for jargon – Budget words

NICRA – Negotiated Indirect Cost Rate Agreement. An agreement with the USG government identifying the amount an organization spends on indirect costs. It has to be developed annually according to documented spending and approved¬†by whatever USG agency an organization is working with. USAID’s NICRA guidance from 2013

LOE – Level of Effort. The number of person hours required to complete a task or project. You might refer to one staff member’s LOE for an activity, or a project’s overall LOE for staffing it.

Burn rate – A project, company, or organization’s average monthly spending.