Cost Allocation Plans Sample Clauses

Cost Allocation Plans. Indirect Costs - Bi- weekly The State shall request funds bi-weekly, such that they are deposited on the day of the State's payday. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the prorated amount of indirect costs based on the most recent, certified, quarterly cost allocation, with adjustments made to subsequent draws based on actual labor distributions and recoveries, when applicable. This funding technique is interest neutral. Estimated Administrative Costs-Bi-weekly - Monthly Adjustments The State shall request funds bi-weekly such that they are deposited in a State account on the day the State's payroll is issued. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the prorated amount of administrative costs based on a combination of 26 allotments of the annual grant amount adjusted based on historical actual prorated costs for the year. Monthly adjustments are made to subsequent draws based on the actual labor distribution and recoveries when applicable. This funding technique is interest neutral. Estimated Administrative Payroll Costs - Estimated Base-Bi-weekly The State shall request funds bi-weekly for estimated payroll costs such that they are deposited in a State account not more than three business days prior to the day the State makes a payroll disbursement. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be determined by applying a percentage of 75% to the appropriate cost base occurring 4 weeks prior with adjustments made to subsequent draws based on actual labor distributions and recoveries when applicable. This funding technique is not interest neutral. Indirect Cost Rates-Estimated Base-Bi- weekly-Quarterly Adjustments The State shall request funds bi-weekly in conjunction with the payroll request such that they are deposited in a State account not more than three business days prior to the day the State makes a payroll disbursement. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be determined by applying the indirect cost rate to 75% of the appropriate cost base occurring 4 weeks prior with adjustments made to subsequent draws based on actual labor di...
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Cost Allocation Plans. Indirect Costs - Bi- weekly The State shall request funds bi-weekly, such that they are deposited on the day of the State's payday. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the prorated amount of indirect costs based on the most recent, certified, quarterly cost allocation, with adjustments made to subsequent draws based on actual labor distributions and recoveries, when applicable. This funding technique is interest neutral. Reimbursement - Advance Construction The State shall request funds for contractor payments such that they are deposited by ACH on the same day as requested and after the payments issued by the State have cleared. Of the total number of contractor payments, approximately 82% are issued electronically through ACH/EFT. Additionally, of the total contractor payments, approximately 65% of the federal funds spent are associated with Advance Construction projects. Those contractor payments that are associated with Advance Construction projects are first supported with State funding and converted to Federal funding at a later date. For Advance Construction projects, Federal funds are requested at the time of conversion and the request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the amount of expenditures converted to Federal funds. This funding technique is interest neutral. State Revolving Funds - Administrative/Tech Costs The State shall request funds monthly for expenditures which were incurred in the prior month. Expenditures will be determined as soon as possible subsequent to the close of each month and a request for funds will normally occur by the second Friday of the month following the ending of the prior month. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit 1. The amount of the request shall be for the actual expenditures incurred during the prior month. This funding technique is interest neutral.
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Cost Allocation Plans. The COURT and the COUNTY mutually agree that the A-87 costs will be updated and adjusted for each fiscal year based upon the applicable CAP for each fiscal year. The COURT will pay the difference between the estimated and actual A-87 Costs for a fiscal year in the form of a “roll forward” (“claimable costs”) that will therefore be a part of these calculations for ongoing contract costs. Should the difference between estimated and actual A-87 Cost result in a credit to the COURT, the COUNTY will apply the credit for any fiscal year against the charges to the COURT in the next fiscal year or make payment to the COURT.
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Cost Allocation Plans. 2 CFR Part 215, Subpart C, Section 215.21(6) requires that Recipients have written financial management systems procedures for determining the reasonableness, allocability, and allowability of costs in accordance with the provisions of the applicable federal cost principles and terms and conditions of the award. To document this, Recipients must submit copies of their written Cost Allocation Plans to the Department with their contract proposal.
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Related to Cost Allocation Plans

  • Cost Allocation Cost allocation of Generator Interconnection Related Upgrades shall be in accordance with Schedule 11 of Section II of the Tariff.

  • COSTS DISTRIBUTED THROUGH COUNTYWIDE COST ALLOCATIONS The indirect overhead and support service costs listed in the Summary Schedule (attached) are formally approved as actual costs for fiscal year 2022-23, and as estimated costs for fiscal year 2024-25 on a “fixed with carry-forward” basis. These costs may be included as part of the county departments’ costs indicated effective July 1, 2024, for further allocation to federal grants and contracts performed by the respective county departments.

  • Account Allocations In the event that any of the Sellers is unable for any reason to transfer Receivables to the Trust in accordance with the provisions of this Agreement, including by reason of the application of the provisions of Section 9.02 or any order of any Governmental Authority (a “Transfer Restriction Event”), then, in any such event, (a) the Sellers and the Servicer agree (except as prohibited by any such order) to allocate and pay to the Trust, after the date of such inability, all Collections, including Collections of Receivables transferred to the Trust prior to the occurrence of such event, and all amounts which would have constituted Collections but for such Seller’s inability to transfer Receivables (up to an aggregate amount equal to the amount of Receivables transferred to the Trust by such Seller in the Trust on such date), (b) the Sellers and the Servicer agree that such amounts will be applied as Collections in accordance with Article IV and the terms of each Supplement and (c) for so long as the allocation and application of all Collections and all amounts that would have constituted Collections are made in accordance with clauses (a) and (b) above, Principal Receivables and all amounts which would have constituted Principal Receivables but for such Seller’s inability to transfer Receivables to the Trust which are written off as uncollectible in accordance with this Agreement shall continue to be allocated in accordance with Article IV and the terms of each Supplement. For the purpose of the immediately preceding sentence, the Sellers and the Servicer shall treat the first received Collections with respect to the Accounts as allocable to the Trust until the Trust shall have been allocated and paid Collections in an amount equal to the aggregate amount of Principal Receivables in the Trust as of the date of the occurrence of such event. If any of the Sellers or the Servicer is unable pursuant to any Requirements of Law to allocate Collections as described above, the Sellers and the Servicer agree that, after the occurrence of such event, payments on each Account with respect to the principal balance of such Account shall be allocated first to the oldest principal balance of such Account and shall have such payments applied as Collections in accordance with Article IV and the terms of each Supplement. The parties hereto agree that Finance Charge Receivables, whenever created, accrued in respect of Principal Receivables which have been conveyed to the Trust shall continue to be a part of the Trust notwithstanding any cessation of the transfer of additional Principal Receivables to the Trust and Collections with respect thereto shall continue to be allocated and paid in accordance with Article IV and the terms of each Supplement.

  • Tax Allocations Each item of income, gain, loss or deduction recognized by the Company shall be allocated among the Members for U.S. federal, state and local income tax purposes in the same manner that each such item is allocated to the Member’s Capital Accounts pursuant to Section 3.2(d) or as otherwise provided herein, provided that the Board may adjust such allocations as long as such adjusted allocations have substantial economic effect or are in accordance with the interests of the Members in the Company, in each case within the meaning of the Code and the Treasury Regulations. Tax credits and tax credit recapture shall be allocated in accordance with the Members’ interests in the Company as provided in Treasury Regulations section 1.704-1(b)(4)(ii). Items of Company taxable income, gain, loss and deduction with respect to any property (other than cash) contributed to the capital of the Company or revalued shall, solely for tax purposes, be allocated among the Members, as determined by the Board in accordance with Section 704(c) of the Code, so as to take account of any variation between the adjusted basis of such property to the Company for U.S. federal income tax purposes and its fair market value at the time of contribution or revaluation, as the case may be. All of the Members agree that the Board is authorized to select the method or convention, or to treat an item as an extraordinary item, in relation to any variation of any Member’s interest in the Company described in section 1.706-4 of the Treasury Regulations in determining the Members’ distributive shares of Company items. All matters concerning allocations for U.S. federal, state and local and non-U.S. income tax purposes, including accounting procedures, not expressly provided for by the terms of this Agreement shall be determined by the Board in its sole discretion. Each Class B Ordinary Share is intended to be treated as a profits interest for U.S. federal income tax purposes, and all of the Members agree to report consistently with, and to take any action requested by the Board to ensure, such treatment.

  • Payment Allocation Subject to applicable law, your payments may be applied to what you owe Credit Union in any manner Credit Union chooses.