Fiscal Management and Cost Allocations Services

The Vendor is required to provide fiscal and cost allocation related assessment, training and technical assistance for sub recipients requesting services.
- Provide targeted in-depth fiscal management, shared/indirect cost, and/or cost allocation evaluation, policy recommendations and assessment to sub recipients that receive funds from the Department’s Division.
- Services will primarily be provided to subrecipients remotely, but the Department may also request that services be provided in-person at the requesting subrecipient’s headquarters.
- Services for subrecipients will include development of a timeline, a cost estimate, a financial operations assessment report focused on the identified fiscal related issues (typically cost allocation), development of an action plan to address areas of improvement identified in the assessment report, development of a technical assistance plan, provision of in-depth technical assistance throughout a subrecipient’s implementation of its action plan, development of a final assessment report, and follow-up with the subrecipient.
- The goal of this assistance is, after receiving assistance, for a subrecipient to be compliant with financial operations and cost allocation requirements of the Department.
- The purpose of the training and technical assistance is to assist subrecipients in developing systems and practices to overcome existing and potential future fiscal (typically cost allocation) deficiencies and shortcomings that have been identified by the Department’s.