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How to Maximize Revenue Through Cost Allocation and Indirect Cost Planning
Traditionally, cost allocation and indirect cost planning seem like an ancillary matter in the scheme of all that leaders in state, local, and tribal governments have to do. However, reporting the true cost of services agency-wide is hard to capture, especially in the wake of COVID-19 bringing revenue shortages, and several grants and funding streams to navigate.
The challenges are compounded when individual departments complete their financial information in silos, leading to significant disconnect. The consequences can be severe in the long run, leading to audit findings and lack of transparency to the public.
Watch our on-demand webinar to learn how preparing cost allocation plans in advance and using indirect cost rates, governments can find new revenue opportunities despite the economic impacts of the pandemic. Specifically, you will learn:
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