Cost Allocation Plan definition

Cost Allocation Plan means central service cost allocation plan, public assistance cost allocation plan, and indirect cost rate proposal. Each of these terms are further defined in this section.

Cost Allocation Plan has the same meaning as in 44 Ill. Admin. Code Part 7000.

Cost Allocation Plan means a document that identifies, accumulates and distributes allowable direct and indirect costs under subgrants and contract and identifies the allocation methods used for distributing the costs. A plan for allocating joint costs is required to support the distribution of those costs to the grant program. All costs included in the plan must be supported by formal accounting records to substantiate the propriety of the eventual charges. Providers are required to maintain a Cost Allocation Plan, in accordance with Ill. Adm. Code §509.40(c), if they receive more than one source of funding or operate more than one Program. (89 Ill. Adm. Code §509.20(a)(2))

Examples of Cost Allocation Plan in a sentence

• In such case, the Parties shall amend this Agreement to adjust the Cost Allocation Plan and Party Shares as appropriate.

• Should the Program experience a shortfall in funding during any Annual Term, the Program Treasurer, with the approval of Party Representatives, shall provide written notice to the Parties of the shortage, and the City Parties shall remit payment of required amounts within thirty (30) days’ receipt of the same, with the amount of each City Party’s payment to be based on the Cost Allocation Plan.

• There are no adjustments in the fiscal year 2024- 25 Cost Allocation Plan.

• Not later than sixty (60) days prior to the commencement of each Annual Term, the Parties shall finalize the Party Shares for the ensuing Annual Term based on the Cost Allocation Plan, and notice of each Party’s Share shall be provided by the Program Treasurer not later than thirty (30) days immediately preceding commencement of the applicable Annual Term.

• The Parties agree that each Party Share is consistent with the Cost Allocation Plan under Option 3 set forth in Exhibit “E” and that the Cost Allocation Plan accurately reflects the burdens and benefits of the Parties under this Agreement.

More Definitions of Cost Allocation Plan

Cost Allocation Plan means central service cost allocation plan or public assistance cost allocation plan

Cost Allocation Plan has the same meaning as in 44 Ill. Admin. Code 7000.30. “Direct Costs” has the same meaning as in 44 Ill. Admin. Code 7000.30. “Disallowed Costs” has the same meaning as in 44 Ill. Admin. Code 7000.30.

Cost Allocation Plan means central service cost allocation plan or public assistance cost allocation plan.

Cost Allocation Plan means a document that identifies, accumulates and distributes allowable direct and indirect costs under subgrants and contract and identifies the allocation methods used for distributing the costs. A plan for allocating joint costs is required to support the distribution of those costs to the grant program. All costs included in the plan must be supported by formal accounting records to substantiate the propriety of the eventual charges. Providers are required to maintain a Cost Allocation Plan, in accordance with Ill. Adm. Code

Cost Allocation Plan means the documentation identifying, accumulating and distributing allowable costs under grants and contracts, together with the allocation methods used.

Cost Allocation Plan means the plan described in Section 11874.

Cost Allocation Plan means the method of distributing to various programs the costs