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

• INDIRECT COST RATES AND COST ALLOCATION PLANS Review the following Options and check the applicable statement: OPTION 1: DOL IS THE ONLY FUNDING SOURCE FOR THIS GRANTEE DOL is the only funding source for this grantee, therefore no Indirect Cost Rate Agreement or Cost Allocation Plan is needed.

• Source: Finance Department’s City-wide FY 2013-14 Cost Allocation Plan, NGCS II Schedule G, and Finance’s rate sheet.

• There are no adjustments in the fiscal year 2022-23 Cost Allocation Plan.

• The provider has a Cost Allocation Plan (CAP) approved by the State Medicaid Agency on file with the State.

• This table does not show overhead rates.Source: Auditor analysis of the Finance Department’s City-wide FY 2013-14 Cost Allocation Plan, NGCS II Schedule G, and Finance’s Special Funds Rate spreadsheet.

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 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 central service cost allocation plan, public assistance cost allocation plan, and indirect cost rate proposal. Each term is further defined in this section.

Cost Allocation Plan means the written description of processes for identification, accumulation, and distribution of costs together with the allocation methods used.

Cost Allocation Plan means and refer to the formula utilized to determine the Party Shares of the City Program Costs, as such formula is detailed in Exhibit “E”.