This session targets the financial responsibilities associated with the Family Self-Sufficiency (FSS) Program. Topics to be covered include:Eligible uses of FSS funds (FSS Coordinator grant & FSS escrow forfeitures);Accounting for FSS coordinator grants, escrow account balances, and FSS forfeitures; andFSS reporting requirements for the REAC Financial Data Schedule.

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. […]