Financial Check-Up for

Community Action Agencies

Jeff Sobers Senior Product Marketing Manager @JeffSobers

TOPICS Administrative Costs Cost Allocations Financial Statements Audits

Administrative Costs

Admin Costs and A-122

Admin Costs and CSBG

Admin Costs in Other Federal Programs Admin Costs and Other

Federal Programs

Definition of Management and General Expenses

Dealing with Limits on Administrative Costs

Cost Allocations

Why Allocate?

Common Allowable Methods

Actual FTE

Percent of Space Utilized

Percent of Units of Service

Methods that May or May Not

Be Allowable

Unallowable Methods

Unallowable Costs and Allocations

Federal Negotiated Indirect Cost Rates

Cost Allocation Plan

Required Financial

Statements

Statement of Financial

Position

Statement of Activities

Statement of Cash Flows

Audits

Types of Audits

Financial Statements

Yellow Book

Single Audit

What An Audit Is Not

Compliance

SUMMARY Administrative Costs Cost Allocations Financial Statements Audits

What Questions Do You Have?

And be sure to see Blackbaud at the CAP Annual Convention in Chicago, August 27th – 30th!

Jeff Sobers Twitter: @JeffSobers www.slideshare.net/jsobers1