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Developing a Cost Allocation Plan

May 14
Registered individuals can access course links in their account dashboard.

OMB has established cost principles for Federal programs detailed in 2 CFR §200.400. This session defines the meaning of OMB’s term “final cost objective” and examines how costs are classified between direct and indirect costs. For indirect costs, the session provides options to properly allocate costs to the final cost objective using appropriate cost drivers. Topics covered in this session include:

  • Classifying direct and indirect costs;
  • Allocating direct and indirect costs; and
  • Time and activity reporting.

A PHA cost allocation plan is used to reinforce the concepts, with a cost allocation template to be provided to participants.

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