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STATE OF ALASKA A Cost Allocation Plan for the State of Alaska FY 2019 Statewide Cost Plan Fiscal Year Ended June 30, 2019Prepared by the DEPARTMENT OF ADMINISTRATION DIVISION OF FINANCE Mike Dunleavy

How to fill out statewide cost allocation plan

How to fill out statewide cost allocation plan

1. To fill out a statewide cost allocation plan, follow these steps:
2. Gather all relevant financial and cost data from each department or agency.
3. Identify the direct and indirect costs associated with providing services and programs.
4. Allocate the indirect costs to the appropriate cost centers or programs based on a predetermined methodology.
5. Assign costs to the appropriate funding sources.
6. Prepare a cost allocation plan document that includes a summary of the methodology used and supporting calculations.
7. Review the plan for accuracy and ensure that it complies with any applicable regulations or guidelines.
8. Submit the completed plan to the appropriate governing body or agency for approval.
9. Implement the approved plan and regularly monitor and update it as necessary.

Who needs statewide cost allocation plan?

1. Statewide cost allocation plans are typically needed by state government entities or agencies that receive funding from multiple sources.
2. This includes departments or agencies that provide various services or programs across the state and need to allocate costs fairly and accurately.
3. Additionally, organizations that receive federal funding or grants often require a statewide cost allocation plan to demonstrate how costs are allocated and justify the use of funds.

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What is statewide cost allocation plan?

Statewide Cost Allocation Plan is a plan used by state governments to allocate indirect costs to various programs and services based on actual usage or other allocation methodologies.

Who is required to file statewide cost allocation plan?

State agencies and organizations that receive federal funding are typically required to file a Statewide Cost Allocation Plan.

How to fill out statewide cost allocation plan?

State agencies can fill out the Statewide Cost Allocation Plan by detailing their indirect costs and allocating them to specific programs or services.

What is the purpose of statewide cost allocation plan?

The purpose of the Statewide Cost Allocation Plan is to ensure that indirect costs are allocated fairly and accurately among different programs and services.

What information must be reported on statewide cost allocation plan?

The Statewide Cost Allocation Plan must include details of indirect costs, allocation methodologies used, and allocation percentages for each program or service.