2023 Cost Allocation Plan FINAL - Laserfiche WebLink

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Central Services – services that are provided to the organization, the customers of the Central Service s are the internal departments, which include Auditor Accounting, Information Technology, Communications, and Human Resource. Central Service Cost allocation plan – means the documentation identifying, accumulating, and allocating or developing rates based on the allowable costs of services provided by a governmental unit on a centralized basis to its departments and agencies. The costs of these services may be allocated or billed to users. Department – all County Departments and/or County Funds. Depreciation – Allocating the costs of a Capitalized Asset to periods benefiting the assets use. Direct Salaries & Wages – the 2021 fiscal year end salaries & wages for each department Excluded Costs - Certain items of cost are classified by Uniform Guidance as extraordinary or distorting expenditures and are excluded from the computation of the indirect cost rate i.e. capitalized equipment. Indirect Costs – costs incurred for a common or joint purpose benefiting more than one cost objective Indirect Cost Rate – a devise for determining in a reasonable manner the proportion of indirect costs each program should bear. It is the ratio of the indirect coast to a direct cost base. Sub Department – additional breakdown of a department expenses for accounting purposes Total Costs – the 2021 fiscal year end actual expenses Unallowable Costs – Certain items of cost are classified by Uniform Guidance as unallowable, which means that federal funds cannot be used for those items of cost. For indirect cost rate calculation, however, these unallowed costs are included in the base along with the direct costs. Some examples for unallowed costs are: Governance, promotional advertising, entertainment, and fines & penalties. Uniform Guidance – United States Office of Management & Budget, 2CFR Part 200, Uniform Administration Requirements, Cost Principles and Audit Requirements for Federal Awards establishing principles and standards for determining costs for Federal awards carried out through grants, cost reimbursement contracts, and other agreements with governmental units. FINANCIAL INFORMATION Accounting Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. Audited Data Kittitas County is audited annually by the State Auditor’s office. The audits consist of Financial and Single Audit and the Accountability Audit. The Financial and Single Audit was issued on February 27, 2023, Report #1032086. The report states: