Cost Allocation Plan definition

Cost Allocation Plan has the same meaning as in 44 Ill. Admin. Code Part 7000.
Cost Allocation Plan means a document that identifies, accumulates and distributes allowable direct and indirect costs under subgrants and contract and identifies the allocation methods used for distributing the costs. A plan for allocating joint costs is required to support the distribution of those costs to the grant program. All costs included in the plan must be supported by formal accounting records to substantiate the propriety of the eventual charges. Providers are required to maintain a Cost Allocation Plan, in accordance with Ill. Adm. Code §509.40(c), if they receive more than one source of funding or operate more than one Program. (89 Ill. Adm. Code §509.20(a)(2))

Examples of Cost Allocation Plan in a sentence

  • There are no adjustments in the fiscal year 2024-25 Cost Allocation Plan.

  • There are no adjustments in the fiscal year 2023- 24 Cost Allocation Plan.

  • There are no adjustments in the fiscal year 2020-21 Cost Allocation Plan.

  • There are no adjustments in the fiscal year 2021-22 Cost Allocation Plan.

  • There are no adjustments in the fiscal year 2022-23 Cost Allocation Plan.


More Definitions of Cost Allocation Plan

Cost Allocation Plan has the same meaning as in 44 Ill. Admin. Code 7000.30. “Direct Costs” has the same meaning as in 44 Ill. Admin. Code 7000.30. “Disallowed Costs” has the same meaning as in 44 Ill. Admin. Code 7000.
Cost Allocation Plan means central service cost allocation plan or public assistance cost allocation plan.
Cost Allocation Plan means a document that identifies, accumulates and distributes allowable direct and indirect costs under subgrants and contract and identifies the allocation methods used for distributing the costs. A plan for allocating joint costs is required to support the distribution of those costs to the grant program. All costs included in the plan must be supported by formal accounting records to substantiate the propriety of the eventual charges. Providers are required to maintain a Cost Allocation Plan, in accordance with Ill. Adm. Code
Cost Allocation Plan means the written description of processes for identification, accumulation, and distribution of costs together with the allocation methods used.
Cost Allocation Plan means and refer to the formula utilized to determine the Party Shares of the City Program Costs, as such formula is detailed in Exhibit “E”.
Cost Allocation Plan means the plan described in Section 11874.