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.

  • Agencies exempt from coverage on the basis of materiality: The Department of Human Services transfers administrative funds to the Department of Inspections and Appeals (DIA) through the Department of Human Services Cost Allocation Plan.

  • There are adjustments in the fiscal year 2024-25 Cost Allocation Plan Summary Schedule totaling ($5,919,796).

  • If there is a staff change, the GRANTEE shall update the Cost Allocation Plan and submit to the CITY for approval.

  • In the event of recovery, COUNTY shall apportion the recovered amount via the annual 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 7000.30.
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 documentation identifying, accumulating and distributing allowable costs under grants and contracts, together with the allocation methods used.
Cost Allocation Plan means the plan described in Section 11874.
Cost Allocation Plan means the method of distributing to various programs the costs