06 CAPTURE. COSTTREE 2016 Q4 ISSUE
True Cost of
Grant Funding: How Cost Allocation Plans Can Help You
So, you’ve been awarded a million-dollar contractual grant! Congratulations! But do you know the true cost of performing the services you’ve committed your agency to fulfill? Are you factoring in your overhead costs? Do you know if the full cost of the grant will actually exceed $1,000,000? And, if it will, how can you get that additional administrative expense reimbursed? The answer is by preparing a cost allocation plan.