Traditionally, cost allocation and indirect cost planning seem like an ancillary matter in the scheme of all that leaders in state, local, and tribal governments have to do. However, reporting the true cost of services agency-wide is hard to capture, especially in the wake of COVID-19 bringing revenue shortages, and several grants and funding streams to navigate.
The challenges are compounded when individual departments complete their financial information in silos, leading to significant disconnect. The consequences can be severe in the long run, leading to audit findings and lack of transparency to the public.
Join our complimentary webinar to learn how to sufficiently prepare your cost allocation plans in advance and maximize grant funding using indirect cost rates– especially amidst the economic impacts of the pandemic. Specifically, attendees will learn:
- The ins and outs of cost allocation plans and why they’re so important
- How to capture true costs of services with a negotiated indirect cost rate
- Best practices to improve information sharing among departments and maximize revenue opportunities