Get the free Statewide Cost Allocation Plan - Minnesota State Legislature

This document is made available electronically by the Minnesota Legislative Reference Library as part of an ongoing digital archiving project. http://www.leg.state.mn.us/lrl/lrl.aspState of Minnesota

How to fill out statewide cost allocation plan

How to fill out statewide cost allocation plan

1. Gather all necessary financial and programmatic data for the state agencies and departments.
2. Identify all costs that are incurred by multiple programs or agencies.
3. Allocate these shared costs based on an appropriate allocation methodology.
4. Complete the SF-424A form with the allocated costs for each program or agency.
5. Submit the completed statewide cost allocation plan to the appropriate governing body for approval.

Who needs statewide cost allocation plan?

1. State agencies and departments that incur shared costs across multiple programs.
2. Government entities seeking to accurately track and allocate costs for federal funding compliance.
3. Auditors and oversight bodies responsible for ensuring proper allocation of costs across state programs.

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What is statewide cost allocation plan?

A statewide cost allocation plan is a document that outlines the costs of services provided by state agencies and allocates those costs to various programs and activities to ensure that federal funds are appropriately charged.

Who is required to file statewide cost allocation plan?

States that receive federal funding are required to file a statewide cost allocation plan to maintain compliance with federal regulations.

How to fill out statewide cost allocation plan?

To fill out a statewide cost allocation plan, states must identify the costs they wish to allocate, gather relevant data and documentation, and follow specific guidelines provided by the federal government when completing the required forms.

What is the purpose of statewide cost allocation plan?

The purpose of a statewide cost allocation plan is to ensure that federal funds are used effectively and that costs are allocated fairly among different programs, thereby promoting accountability and transparency in public spending.

What information must be reported on statewide cost allocation plan?

The statewide cost allocation plan must include information on the total costs incurred, the methods used for allocating those costs, and specific details regarding the programs receiving funding.