Question: I am the fiscal person for a center. I participated in one of your webinars last year concerning indirect cost rates. Since we have previously used a Cost Allocation Plan, I just want to be sure that I am
For your DSE — how they can make more timely payments to your SILC
Recommendations for Designated State Entities for Timely Payment of Part B and other Funds to the SILC Under HHS’s Uniform Administrative Requirements 45 CFR 75 October 2016 John F Heveron Jr., CPA Heveron and Company CPAs The information below is
Nine ideas for managing cash flow if the DSE’s payments are delayed
John F Heveron Jr., CPA Heveron and Company CPAs, provided this excellent resource: Recommendations for State Independent Living Councils to Deal with Cash Flow Challenges Resulting from Delayed Payments from the DSE October 2016 For some SILCs, restrictions in advances
How can I spend Program Income?
Question: At the financial management workshop you mentioned that the income generated by our programs had to be used within the time frame as the grant used to derive the income. Can you point me in the direction of the
Financial Management Workshop – Q and A on Time and Effort Reporting (PARs)
Q: How do you differentiate direct time for an Executive Director from indirect time? A: The Executive Director can track direct and indirect time on a Personal Activity Report. Direct time in specific cost objectives can be listed separately under
Q and A from Financial Workshop – Indirect Cost Rate
Q: If a funder does not allow any administration costs, can Part C funds make up a larger portion? A: If the funds are pass through to consumers, they may be treated differently, and you may not be required to
Q and A from Financial Workshop – Board and Executive Director Roles
Q: Who should be responsible for setting salary rates for staff – board or ED? A: Both have a role. The board approves the budget with some provision for changes in salary if they have the funds; the ED establishes
Q and A from Financial Workshop – Internal Controls
If you weren’t able to attend the financial workshop in Baltimore in May, you may be interested in some of the questions and answers that came in after the first day. Here are a few about Internal Controls: Q: How
FAQs on Indirect Cost Proposals
Most questions are addressed in the training provided on our website. Some questions, however, are “frequently asked”. Here are some with responses from John Heveron and Paula McElwee. The 990 (or the audited financial statement) that I am reconciling to
Should a SILC be a 501(c)3?
Question: Can I ask a SILC question? If we fund develop and we are not a 501(c)3 do we have to write in another fiscal agent not tied to the state in order to deal with that money ? How