25A - AGMT COST ALLOCATION PLAN - Laserfiche WebLink

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UNDERSTANDING OF NEED a cost allocation plan and indirect cost rates that are compliant with the principles contained in the Circular. Generally, 2 CFR Part 200 compliant cost allocation plans are more restrictive than Full Cost plans, include fewer allowable indirect costs, and apply to external purposes such as recovering indirect costs on federal and state grants and awards. The table below describes the objectives, typical uses and considerations associated with both types of cost allocation plans. • Identify the true costs of administering all city departments, divisions and programs. - Justification for charging the proportional cost for city administration and FULL COST support to internal sources, or external sources in the case of billing rates and user fees. • Typically,result in 15% higher returns than 2 CFR Part 200 plans. 2:CFR PART 200 identify administrative costslallowable, under 2. CFR Part 200 and. distributing those costs: on an equitable: basis: Charging adminand overhead, costs to'gmnt_s, clairhs and other uses thatspecifcally require 2' CFR;P.art.200 use. • Charging non -General Fund funds for administrative and support services. • Recovering citywide administrative and support costs in hourly and billing rates. • Recovering citywide administrative and support costs in use fees and rates. • Budgeting and resource allocations. • Charging overhead costs to. federal grants: • Charging overhead'coststo, state grants andSB'90. claims. • Provides a conservative view of citywide' administrative.and. support Costs: • Administrative and support costs allowable under GAAP. Plan conforms to 2 CFR Part 200 principles but is not as restrictive. • Is not submitted for review to a cognizant agency. • Basis for transfer of dollars from non -GF to the General Fund. Ifthis type of plan.is used. for grantor claim use, 2 CFRPart,200 requiresthat an annual plan be prepared. Maybe, reviewedby.-a cognizant' agency. 4****Y M G T CITY OF SANTA ANA, CALIFORNIA I MARCH 8, 2018 CONSULTING GROUP RFP NO, 18-0231 1 PROPOSAL FOR COST ALLOCATION PLAN / ISF ALLOCATION STUDY 25A-56 PAGE 10.