State of Montana, Office of Public Instruction, Report On the Examination of Financial Statements 1980
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We estimate OPI received indirect cost reimbursements of $34,700 due to SWCAP in fiscal year 1979-80. None of the reimbursements collected were returned to the General Fund.
36 Indirect costs are charged to federal awards via an indirect cost rate. This rate is the expected percentage of indirect costs to direct costs of operations. When negotiating the rate, OPI includes SWCAP costs in its computations. Therefore, upon receipt of a reimbursement for indirect costs, or at year end, OPI should d...etermine the amount received due to SWCAP costs and deposit that amount in the state General Fund.
An estimate of the amount to be returned to the General Fund should be included in the 1984-85 budget presented to the legisla- ture for approval. The OPI budget for 1982-83 has been established and may not be amended to include an indirect cost reimbursement to the General Fund.
Accounting for Reimbursements In order for the state to determine the results of efforts to recover indirect costs and budget for indirect cost reimbursements, all agencies of state government must identify and account for reimbursements in a consistent manner.
What to read after State of Montana, Office of Public Instruction, Report On the Examination of Financial Statements 1980?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
We estimate OPI received indirect cost reimbursements of $34,700 due to SWCAP in fiscal year 1979-80. None of the reimbursements collected were returned to the General Fund.
36 Indirect costs are charged to federal awards via an indirect cost rate. This rate is the expected percentage of indirect costs to direct costs of operations. When negotiating the rate, OPI includes SWCAP costs in its computations. Therefore, upon receipt of a reimbursement for indirect costs, or at year end, OPI should d...etermine the amount received due to SWCAP costs and deposit that amount in the state General Fund.
An estimate of the amount to be returned to the General Fund should be included in the 1984-85 budget presented to the legisla- ture for approval. The OPI budget for 1982-83 has been established and may not be amended to include an indirect cost reimbursement to the General Fund.
Accounting for Reimbursements In order for the state to determine the results of efforts to recover indirect costs and budget for indirect cost reimbursements, all agencies of state government must identify and account for reimbursements in a consistent manner.
What to read after State of Montana, Office of Public Instruction, Report On the Examination of Financial Statements 1980?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
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