Fun & Exciting
Is an externally-funded activity in which a formal written agreement, i.e., a grant, contract, or cooperative agreement, is entered by CRS and by the sponsor (donor) or internally funded cost share
Sponsored Project
Represents the source of the transaction or cost. Commonly referred to as Cost Center.
Expenditure Organization
The total cost that is incurred, i.e. the sum of raw cost and burden cost-
Burdened Cost
What does SSR stands for?-
Support Service Recovery (SSR)
RFGS stands for
Requestor Form for Goods and Services
Is a project that is not award based e.g. discretionary and restricted funds.
Non-Sponsored Project
The allocation of salaries and benefits to each project-
Labor Costing
The indirect cost. It’s calculated by multiplying Raw Cost by NICRA, ICR, or SSR Rate-
Burden cost
The actual cost of the work performed and charged to each project like salaries, project material, etc., and allocated costs-
Raw Cost
Who is our Deputy Regional Finance Officer?
William Alivio
Is a document used to request to procure goods or services with specific POET-
Purchase Requisition
An encumbrance/obligation against your budget-
Commitment
The sub-ledgers in which detailed transactions are entered to process a specific activity, and then transfer that activity either to another subledger to complete a process, or in summary to the general ledger-
Insight Modules
A sub-inventory within the warehouse which captures distribution goods-
D Stores
BCR stands for?
Budget Comparison Report
Goods are standard inventory items which are stored and issued to end user, usually through a project level distribution. They are captured in the inventory valuation and material accounts as assets and expensed once received by an external entity (e.g. partner ).-
Distribution Goods
Captures the agreement between CRS and a Donor that specifies a funding stream, allowable expenditures and revenue.
Contract
Required part of every transaction, can be used to capture additional contractually or statutorily required information-
Task
What does NICRA stands for?-
Negotiated Indirect Cost Rate Agreement (NICRA)
Items which are purchased for internal consumption and expensed immediately upon receipt. While they are not captured in the inventory valuation or material accounts as assets, they still can be stored and tracked in inventory for operational purposes.
ND- Goods
What does SRFMP stands for?
SRFMP- SubRecipient Financial Management Policy
It’s a classification of cost that you assign to each expenditure item
- Expenditure Type
The maximum cost-share amount that doesn’t require approval from the EVP?-
25% of the total project costs