Gone   With   The   Wind   Conference
For
Finance   Officials   &   Federal   Programs   Directors
‐
General   Principals for   Determining   Allowable   Costs
1. Basic   Guidelines
– 10   items
2. Selected   Items   of   Cost
– 43   items
7/18/2012
1

OMB   A ‐ 87  ‐ Basic   Guidelines
1. Necessary   &   reasonable
2. Allocable   to   Federal   grant   awards
3. Authorized   or   not   prohibited   by   state
4. Conform   to   these   principals,   Federal
Laws,   terms   &   conditions   of   the   grant   award,   or   other   regulations
5. Be   consistent   with   policies,   regulations   and   procedures   across   the
LEA.
OMB   A ‐ 87  ‐ Basic   Guidelines
6. Consistent   treatment   of   indirect   /   direct   costs
7. In   accordance   with   generally   accepted   accounting   principals
8. Cannot   be   used   to   match   other
Federal   Grant   awards
9. Be   net   all   applicable   credits
10.Be
adequately   documented
OMB   A ‐ 87  ‐ Basic   Guidelines
6. Consistent   treatment   of   indirect   /   direct   costs
7. In   accordance   with   generally   accepted   accounting   principals
8. Cannot   be   used   to   match   other
Federal   Grant   awards
9. Be   net   all   applicable   credits
10.Be
adequately   documented
7/18/2012
2

OMB   A ‐ 87   – Selected   Items   of   Cost
1. Advertising   &   public   relations
2. Advisory   councils
7.
Communication   costs
9.
Contingency   provisions
14.
Entertainment
15.
Equipment   &   other   capital   costs
18.
Gains   &   Losses   on   disposition   of   equipment   &   property
OMB   A ‐ 87   – Selected   Items   of   Cost
20.Goods
or   services   for   personal   use
25.
Maintenance   operations   &   repairs
26.
Materials   &   supplies
27.
Meetings   &   conferences
28.
Memberships,   subscriptions   &   professional   activity
32.
Professional   service
37.
Rental   costs   of   buildings   &   equipment
OMB   A ‐ 87   – Selected   Items   of   Cost
42.
Training
43.
Travel   costs
7/18/2012
3

Richard   Lawrence
Executive   Director,   T2,   T3,   &   System   Support
WV   Department   of   Education
1900   Kanawha   Blvd.,   East
Charleston,   WV   25303 rlawrenc@access.k12.wv.us
richardlawrence2424@gmail.com
Cell   phone   304 ‐ 444 ‐ 6568
7/18/2012
4