Examples of Cost Pool 2 in a sentence
Since each employee will track their time to the product/services being performed this will result in a Direct Labor Hour Rate (see Chapter 5.0 Standard Rates for more information.) Cost Pool #2 will be utilized to pool together all non-employee related costs which are shared across more than one product/service.
The total of all costs for Cost Pool 6 are redistributed to Cost Pool 1, Cost Pool 2, Cost Pool 3, Cost Pool 4, and Cost Pool 5 based on the Personnel costs of these Cost Pools.
This includes costs for accounting, budgeting, timekeeping, travel, funds receipt, and the Comptroller’s office.The steps required to find out how much cost to allocate to each product line begins with the total for Cost Pool 2 at $5,792,612.
Staff that fall under this description are considered “non-Direct Service” providers and are included in Cost Pool 2.
Non-SPMP (Cost Pool #2) – This area contains costs derived from activities performed by SPMPs and non-SPMPs using Codes 1, 4, 6, 9, 10, and 11.
For LHDs and MH/IDD programs, the RMTS will capture which translation and interpretation services are child- or family-centric and thus eligible for the increased match.Time Study Participant Staff (Cost Pool 2, Non-Enhanced) - Costs, revenues, and time relating to services rendered at the normal 50 percent FFP rate for MAC and not at the enhanced rate for certain CHIPRA authorized activities will be allocated to Cost Pool 2.
E Federal Share A = Total Adjusted CostsB = Adjusted Time Survey Activity ResultsC = Medi-Cal PercentageD = Federal Financial Participation (FFP) RateE = Federal Share EXAMPLE OF FEDERAL SHARE CALCULATION Total Adjusted Costs = $5,000Adjusted Time Survey Activity Results = 25% Medi-Cal Percentage = 20%FFP Rate = 50% ($4,000 x 25% x 20% x 50%) = $100 (Cost Pool 2 Federal Share) ($1,000 x 50%) = $500 (Direct Charge Federal Share)$100 + $500 = $600 Total Federal Share(A x B x C x D = E) K.
Subtotal Personnel (from Cost Pool 2 Non-SPMP) = $25,000 Non-Salary Costs = $5,000Direct Charges = $1,000 Redistributed Cost Pool 6 = $2,000 Funding Sources (offsets) = $28,000($25,000 + $5,000 + $1,000 + $2,000) - $28,000 = $5,000Total Adjusted Costs = $4,000 (Cost Pool 2) + $1,000 (Direct Charge) = $5,000B Adjusted Time Survey Activity Results: The Activity Results Percentages for Each Activity are calculated from the completed time surveys and entered into Page 1 of the CMAA Detail Invoice.
ISDs have only two staff categories entered:● Cost Pool #1 for staff performing both direct services and MAC services, and● Cost Pool #2 for staff performing only MAC services.
Staff included in Cost Pool 2 are non-Direct Service personnel that are involved in administrative activities.