Agenda Item Name:
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Alachua County Cost Allocation Plan
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Presenter:
Tommy Crosby, Assistant County Manager 352-337-6205
Description:
The County approved the professional services contract on July 12, 2022, for the updating of the County’s Cost Allocation Plan. The services were conducted by MGT of America Consulting LLC and the cost allocation plan is hereby submitted to the Board for its review and acceptance.
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Recommended Action:
recommended action
Receive the County’s Cost Allocation Plan based upon Fiscal Year 2021 (FY21) Expenses.
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Prior Board Motions:
recommended action
N/A
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Fiscal Consideration:
fiscal consideration
The cost allocation study was a Request for Proposal (RFP) awarded to MGT of America Consulting LLC with a contract not to exceed $50,000 and funds were budgeted in account line 001.17.1720.513.31.00.
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Strategic Guide:
strategic guide
All Other Mandatory and Discretionary Services
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Background:
A cost allocation plan is an accounting report that calculates the agency-wide indirect costs to departments and funds that receive services from other departments. A cost allocation plan looks at each function and determines a specific allocation method to more carefully allocate each function of the divisions, programs, grants. As a result, indirect and other costs are allocated in a more targeted manner. A cost allocation plan also identifies the non-indirect costs or administrative costs that are incurred in support of many programs. For many grants, administrative costs to operate programs are distinct from indirect costs and must be identified and reported as a condition of receiving a grant.