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ILLINOIS HUMAN RESOURCE INVESTMENT COUNCIL/ ILLINOIS WORKFORCE INVESTMENT BOARD GOVERNOR GEORGE H. RYAN Ellie Higginbottom Dr. Hazel Locks CO-CHAIR October 23, 2002, Dear Workforce Partner: Attached
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What is cost allocation guide?
Cost allocation guide is a document that outlines the methods and procedures used to distribute costs among different departments or projects within an organization.
Who is required to file cost allocation guide?
Any organization that receives funding from federal grants or contracts is typically required to file a cost allocation guide.
How to fill out cost allocation guide?
To fill out a cost allocation guide, you need to identify all the costs incurred by the organization, allocate those costs to various activities or projects based on specific criteria, and document the methodology used for allocation.
What is the purpose of cost allocation guide?
The purpose of a cost allocation guide is to ensure that costs are distributed fairly and accurately among different programs or projects, and to comply with federal regulations on cost allocation.
What information must be reported on cost allocation guide?
The cost allocation guide typically includes information on the organization's budget, cost allocation methods, cost pools, and how costs are allocated to different programs or projects.
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