Federal Cost Principles | Origin: LC160
How do you think the cost principles you learned about this module affect the kinds of activities entities might support with Perkins funds?
It ensures that all Perkins funds are spent in a manner that aligns with policies.
It ensures that the money spent is used for its intended purpose which is to provide high-quality education for CTE students.
The rule of allocable, necessary and reasonable is a great litmus test when a question arises pertaining to an allowable expenditure. We use this to help guide local decisions when questions arise.
Ensure funds are spent to on CTE Programs and Goals
Perkins funds must be spent following all the guidelines and allocability questions.
It ensures funds are spent on allowable and allocable expenses that benefit the CTE programs.
The cost principals help to provide guidance on the appropriate use of funds that are allowable, reasonable, and allocable. The kinds of activities entities may support are more focused with thought on alignment.
The cost principals set the criteria how Perkins funds must be used.
It helps recipients know their left and right limits and be mindful about the investments they are making using grant funds.
The activities Perkins funds might support within an entity are very specific. An entity may use the funds to support many activities if it adheres to the rules of the funds awarded. If it spends 100% of federal dollars on an item, then the item must be used 100% of the time on federal programs/activities. There are very few exceptions to the spending rules, but some are available. Some of the unallowable items are religion, entertainment, etc. Allowable expenditures would include travel, equipment, salaries, etc.
This section reinforces the need to tie spending directly to programming. Good reminders to keep things program and student centered.
Ensures that the dollars spent are consistent with the grant purposes for CTE.
The cost principles work to ensure activities are appropriate for supporting the mission of supplementing CTE education. They directly tie the funds to the activities to the mission.
The cost principles simply make sure that money is being spent in an ethical, aligned way. Money should ultimately be used to support CTE students, instructors, and staff. The alignment with LNA for Perkins makes sense.
It is a form of accountability to make sure funds are spent according to policy.
These rules are a form of accountability to ensure that money is spent appropriately.
The rules make schools accoutable and makes sure the money is spent correctly
It is all about accountability and the use of funds appropriately. The emphesis on correctly using the funds as the regulations have established.
The cost principles are simply ensuring funding is spent in alignment with Perkins rules and CTE.
