Cost Principles
Define internal controls.
What is a programs fiscal management systems?
Operational classroom supplies are all ordered this way.
What is the classroom supply purchasing process? (or emailing Monique)
Explain a subrecipient
What is they are passed through money to run programming?
Define cost allocation
What is the process of assigning the shared costs of something to the program that benefits from it?
The best way to avoid a whoops with fiscal is to do this.
What is asking a friend?
Teen Elect must comply with both of these state agencies.
What are DHS and PDE?
Pcard coding should include these details.
What is a comment explaining the purchase?
This resource supports families needing subsidized care.
What is the ELRC?
What are fair funding, budgeting, transparency, funding requirements, accountability for funding, and fiscal?
This is where you go to confirm classroom allocations.
What is the staff placement map?
The regulations that apply to federal grants.
What is the Uniform Guidance?
A purchase order should what when related to an invoice.
What is predate the invoice?
What is CACFP?
Three key words about cost allocation.
What is allowable, reasonable, and necessary or allocable?
This type of code should not be used in the Head Start coding.
What is adult food?
Head Start will push updates through these two ways.
What are information memorandums and program instructions?
Andy as the VP can sign purchase orders up to this threshold.
What is $10,000?
Most PAT funding is from this funder type.
What is the State?
Three things we ask that you please don't do.
What is guess, not allocating, and ignoring changes?
Name two things that can be impacted by not submitting an SAF.
What is taxes, adp, communication, supervisor, fiscal, grant compliance, or allocations
The four big words that most grant fiscal regulations look to cover.
What is accountability, transparency, fraud prevention, and compliance?
This process is followed to ensure Davis Bacon regulations are applies to contracts.
What is facilities?
The two words that describe out program funding best.
What is braided and layered?
This account code is used on the Thrive to Five, PAT, and Teen ELECT lists as 5071.
What is office supplies?
What is the directors?