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The Finance and Audit (F&A) Committee is
expected to consider
F&A Committee Agenda Item 4.4:
Recommendation regarding Acceptance of
EPCOT Consolidated Financial Statements
Audit Report
at its meeting
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Budgeting cost principles refer to the guidelines and standards used to effectively plan and allocate resources for projects or organizational operations, ensuring that funds are used efficiently and within legal and regulatory frameworks.
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Organizations that receive federal funding or grants, as well as entities that are required to comply with specific government cost accounting standards, are obligated to file budgeting cost principles.
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The purpose of budgeting cost principles is to ensure proper financial management, facilitate transparency and accountability in the use of funds, and provide a framework for determining the allowable costs associated with sponsored projects.
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