Budget vs Sample Clauses

Budget vs. Actual Expenditures 1) The approved budget is to include the original approved Contract as well as any approved budget amendments/revisions. A) Test work should include a schedule identifying each Contract and its original/ amended budget, monthly xxxxxxxx, Contract utilization and any analytical expectations that may identify any overbillings. i. The current Children’s Trust electronic system does not allow providers to overbill any budgeted line item or Contract allocation, however, if Contract utilization is greater or less than expected, this could indicate that a budgeted salary rate is not the employee’s actual rate. Provider must compensate employees at the rate stated on the budget. Any difference in rate would warrant a finding in the Program-Specific Audit Report. c) Allowable/Unallowable Activities and Costs Common unallowable costs: 1. Salary rates, payroll methods and hours billed that do not match original or amended budgets. 2. Fringe benefits billed to The Children's Trust for employees not included in Contract budget and are unrelated to the program. 3. Professional services billed within regular salaries and wages. 4. Capital purchases disguised as repairs. 5. Sales taxes and tips. 6. Fuel. 7. Food and beverage costs for parties, celebrations, end-of- program events, and conferences or conventions, unless while attending an out- of-town conference or convention. 8. Monetary gift cards as incentives. A detailed listing of all costs and activities considered allowed and unallowed can be viewed in the Budget Guidelines form on The Children’s Trust website. 1) Requires that the nature of services and type of costs paid are in agreement with the contractual budget and/or budget amendment/revision’s Scope of Services and budget guidelines. AND/OR Requires that activities performed or costs paid with The Children’s Trust funds are listed in the contractual budget narrative or a contractual budget amendment/revision narrative. 2) Any cost or service billed that is not approved in the Contract’s budget is a finding and reported as a questioned cost on the Program-Specific Audit Report. 3) If any cost or service is billed in more than one Contract, and the xxxxxxxx are in excess of the total disbursement or approved allocation, the expense has been overbilled or double billed and should be considered a finding. 4) The Children’s Trust funds must supplement a program; supplanting of funds is unallowable. A provider may not use Contract funds to defr...

Budget vs. Actual With Variance Amounts - Statement of Operations

Budget vs. Actual Expenditures 1). The approved budget is to include the original approved Contract as well as any approved budget amendments/revisions. A). Testwork should include a schedule identifying each Contract and its original/amended budget, monthly xxxxxxxx, Contract utilization and any analytical expectations that may identify any overbillings. x. XXXXX does not allow providers to overbill any budgeted line item or Contract allocation, however, if Contract utilization is greater or less than expected, this could indicate that a budgeted salary rate is not the employee’s actual rate. Provider must compensate employees at the rate stated on the budget. Any difference in rate would warrant a finding in the Program Specific Audit Report.