Page 25 - Finance for “Non-Financial” Board Members
P. 25
Policies & Procedures
(Organizational Standard 8.12)
The organization documents how it allocates shared
costs through an indirect cost rate or through a written
cost allocation plan
Indirect cost rate approved by federal cognizant
agency with approved letter
If using a cost allocation plan, must have an approved
cost allocation policy that lays out the methodology
used for accounting for indirect costs
