Time & Effort Reporting and Cost Allocation Head Start Webinar
Many Head Start and Early Head Start programs have numerous funding streams, such as federal Head Start funds, Recovery Act dollars, and state funding, to name but a few. With the myriad funding sources that programs juggle, following the federal rules for cost allocation carefully and appropriately has never been more important. If your program fails to follow these rules correctly, monitoring findings, cost disallowances, and additional penalties can result.
In addition, charging the costs of employee time to specific federal grants can be onerous. But doing it right - that is, following proper requirements and ensuring proper oversight - is critical. Unfortunately, this continues to be an area in which we see a lot of findings, both from ACF Head Start monitoring, as well as OIG audits. Use this training to double check your practices and as a guide to help you avoid significant cost disallowances. Join us to learn:
- Requirements for Time and Effort Reporting, including the 4 necessary elements for time sheets;
- Common timesheet problems;
- How to do cost allocation; and
- Why all of this should matter to you.
We'll also include a sample timesheet that we recommend using.
Who Should Attend: Executive Directors, Head Start Program Directors, CFOs, and others involved in planning or accounting activities, but all are welcome to attend.
