Get the free Service Expenditures Profile - okdhs

Form 02AG023E is used to annually generate program information from Older Americans Act (OAA) grantees to meet federal requirements.

How to fill out service expenditures profile

How to fill out Service Expenditures Profile

1. Gather necessary financial documents and records related to the services provided.
2. Identify all expenditures related to the services over the specified period.
3. Categorize each expenditure into appropriate sections such as personnel costs, materials, and overhead.
4. Enter the information into the designated fields of the Service Expenditures Profile form.
5. Calculate the total expenditures for each category and record these totals.
6. Review the completed profile for accuracy and completeness.
7. Submit the Service Expenditures Profile to the relevant authority or organization.

Who needs Service Expenditures Profile?

1. Organizations providing services seeking funding or reimbursement.
2. Financial analysts and accountants preparing budgets.
3. Grant applicants needing to report expenditures.
4. Regulatory bodies assessing financial compliance.

People Also Ask about

What are 5 expenditures of local governments?

Local government expenditures refer to the money spent by local authorities on public services like education, healthcare, security, roadways, and also on capital investments like public buildings or infrastructure.

What is the difference between expense and expenditure in English?

Expenses refer to the cost of goods or services that are used up in the process of generating revenue. Expenditure refers to the outflow of cash or other assets in order to make a purchase.

What is a profile budget?

Budget profiles are used to apportion a yearly budget across your accounting periods. Note: This applies only to the current year. You cannot enter budget profiles for future years. You can use a budget profile to take known seasonal or market trends into account.

What is a statement of expenditure?

Statement of Expenditure means an interim or final report on a project, submitted to the Ministry of Foreign Affairs by the due dates specified in the contract for the use of state budget allocations and containing a detailed description of the activities carried out and the results achieved.

What is a spending profile?

The Spend Profile is an expansion of the Estimate that profiles of spend in the estimate throughout the Project. It is to define for each Deliverable how much is planned to be spent and when. The Spend Profile will be used to ensure that the Estimates and Schedule are realistic and achievable.

What is the meaning of the word expenditure?

1. : the act of spending (as money, time, or energy) 2. : something that is spent.

What are the public sector expenditures?

Public expenditure is spending made by the government of a country on collective or individual needs and wants of public goods and public services, such as pension, healthcare, security, education subsidies, emergency services, infrastructure, etc.

What are the top 5 expenditures of local government?

As a result, in recent years, state and local governments account for approximately 45% of total government expenditures. State and local government spending is typically spent in 6 broad categories: elementary and secondary education, higher education, health, welfare, police and safety, and transportation.

What is the profile of expenditure?

Expenditure Profile means the information provided by the Grant Recipient detailing the spend forecast for the carrying out of the Project Activities and defrayal of expenditure including the Start Date and the Agreed Financial Completion Date and which is contained in Schedule 2.

For pdfFiller’s FAQs

What is Service Expenditures Profile?

The Service Expenditures Profile is a financial document that outlines the expenditures related to various services provided by an organization, detailing costs associated with operations, projects, or contracts.

Who is required to file Service Expenditures Profile?

Organizations, companies, or entities that receive funding or engage in contracts requiring the reporting of service-related expenditures are typically required to file the Service Expenditures Profile.

How to fill out Service Expenditures Profile?

To fill out the Service Expenditures Profile, organizations should gather relevant financial data, categorize expenditures accurately, and ensure all necessary sections are completed, verifying figures against supporting documentation.

What is the purpose of Service Expenditures Profile?

The purpose of the Service Expenditures Profile is to provide transparency and accountability regarding the use of funds in service provision, ensuring that expenditures align with budgetary guidelines and contractual obligations.

What information must be reported on Service Expenditures Profile?

The Service Expenditures Profile must report detailed financial information including total expenditures, itemized costs by category, funding sources, and any relevant contracts or agreements associated with the services rendered.