(Financial Reporting for Commission Staff)
TABLE OF CONTENTS
- Competitive Cost Reimbursement: AmeriCorps Agency Fixed Percentage
- Competitive Cost Reimbursement: Federally-Approved Indirect
- Competitive Fixed: AmeriCorps Agency Fixed Percentage
- Competitive Fixed: Federally-Approved Indirect Cost Rate
Competitive Cost Reimbursement: AmeriCorps Agency Fixed Percentage
- Match Rate (%) is the program’s match rate for this program year. You can adjust this at any time.
- Awarded MSY: MSY awarded to the grantee. You can adjust this. Adjustments made here will not impact already-approved budgets and reports.
- Max. Amount Can Request as AmeriCorps Share: This is a component of the formula highlighted in the screenshot below. The yellow portion of the following formula is where this number will be used.
Note that the “,2” in the formula means that the result will be rounded to two decimal places.
- Formula: =ROUND(((Section I AmeriCorps Share total + Section II AmeriCorps Share total)*0.0526)*0.8,2)
- Program Fixed Percentage Calc:
This is a component of the formula above (highlighted in yellow). - Commission Fixed Percentage Calc:
This is a component of the formula highlighted in the screenshot below. The yellow portion of the following formula is where this number will be used.
The yellow portion is the value entered for the Max. Amount Can Request as AmeriCorps Share.
Note that the “,2” in the formula means that the result will be rounded to two decimal places.
- Formula = ROUND(((Section I AmeriCorps Share total + Section II AmeriCorps Share total)*0.0526)*0.2,2)
- Max Amount Can Request as Grantee Share:
This is a component of the formula highlighted in the screenshot below. Note that if you do not want the program to use this formula, you can check the checkbox just below this section that reads, Let Site Enter a Number (No Auto Calculation).
Note that the “,2” in the formula means that the result will be rounded to two decimal places.
- Formula = ROUND((Section 1 Total + Section II Total)*0.1,2)
Competitive Cost Reimbursement: Federally-Approved Indirect
- Match Rate (%) is the program’s match rate for this program year. You can adjust this at any time.
- Awarded MSY: MSY awarded to the grantee. You can adjust this. Adjustments made here will not impact already-approved budgets and reports.
- Max. Amount Can Request as AmeriCorps Share: This is a component of the formula highlighted in the screenshot below. The yellow portion of the following formula is where this number will be used.
Note that the “,2” in the formula means that the result will be rounded to two decimal places.
- Formula: =ROUND(((Section I AmeriCorps Share total + Section II AmeriCorps Share total)*0.0526)*0.8,2)
- Indirect Cost Rate Percentage:
This is a component of the formula above (highlighted in yellow). - Commission Fixed Percentage Calc:
This is a component of the formula highlighted in the screenshot below. The yellow portion of the following formula is where this number will be used.
The yellow portion is the value entered for the Max. Amount Can Request as AmeriCorps Share.
Note that the “,2” in the formula means that the result will be rounded to two decimal places.
- Formula = ROUND(((Section I AmeriCorps Share total + Section II AmeriCorps Share total)*0.0526)*0.2,2)
- Max Amount Can Request as Grantee Share:
This is a component of the formula highlighted in the screenshot below. Note that if you do not want the program to use this formula, you can check the checkbox just below this section that reads, Let Site Enter a Number (No Auto Calculation).
Note that the “,2” in the formula means that the result will be rounded to two decimal places.
- Formula = ROUND((Section 1 Total + Section II Total)*0.335)-Section II AmeriCorps Share Subtotal,2.
Competitive Fixed: AmeriCorps Agency Fixed Percentage
- Authorized MSY: Enter the number of MSY of each type here. If these numbers change during the year, you can come back to this window and update numbers.
If the MSY slot type you need doesn’t appear here, or if the calculations for one or more MSYs isn’t what you expect them to be, please return to the Program Year setup page and update the MSY types and calculations. Then, come back to this area. - Grant Rate per MSY: Please enter the rate per eGrants. This information will be used to create invoices when that module goes live.
- Total Required Service Hours: Please enter this information per eGrants. This information will be used to create invoices when that module goes live.
- Amount of Grant: Please enter this information per eGrants.
- If you’ll be using Section III for this program, click the box, Use Section III: Administrative/Indirect Costs. The following bullets walk through the calculations in this section.
- Max. Amount Can Request as AmeriCorps Share: This is a component of the formula highlighted in the screenshot below. The yellow portion of the following formula is where this number will be used.
Note that the “,2” in the formula means that the result will be rounded to two decimal places.
- Formula: =ROUND(((Section I AmeriCorps Share total + Section II AmeriCorps Share total)*0.0526)*0.8,2)
- Program Fixed Percentage Calc:
This is a component of the formula above (highlighted in yellow). - Commission Fixed Percentage Calc:
This is a component of the formula highlighted in the screenshot below. The yellow portion of the following formula is where this number will be used.
The yellow portion is the value entered for the Max. Amount Can Request as AmeriCorps Share.
Note that the “,2” in the formula means that the result will be rounded to two decimal places.
- Formula = ROUND(((Section I AmeriCorps Share total + Section II AmeriCorps Share total)*0.0526)*0.2,2)
- Max Amount Can Request as Grantee Share:
This is a component of the formula highlighted in the screenshot below. Note that if you do not want the program to use this formula, you can check the checkbox just below this section that reads, Let Site Enter a Number (No Auto Calculation).
Note that the “,2” in the formula means that the result will be rounded to two decimal places.
- Formula = ROUND((Section 1 Total + Section II Total)*0.1,2)
Competitive Fixed: Federally-Approved Indirect Cost Rate
- Authorized MSY: Enter the number of MSY of each type here. If these numbers change during the year, you can come back to this window and update numbers.
If the MSY slot type you need doesn’t appear here, or if the calculations for one or more MSYs isn’t what you expect them to be, please return to the Program Year setup page and update the MSY types and calculations. Then, come back to this area. - Grant Rate per MSY: Please enter the rate per eGrants. This information will be used to create invoices when that module goes live.
- Total Required Service Hours: Please enter this information per eGrants. This information will be used to create invoices when that module goes live.
- Amount of Grant: Please enter this information per eGrants.
- If you’ll be using Section III for this program, click the box, Use Section III: Administrative/Indirect Costs. The following bullets walk through the calculations in this section.
- Max. Amount Can Request as AmeriCorps Share: This is a component of the formula highlighted in the screenshot below. The yellow portion of the following formula is where this number will be used.
Note that the “,2” in the formula means that the result will be rounded to two decimal places.
- Formula: =ROUND(((Section I AmeriCorps Share total + Section II AmeriCorps Share total)*0.0526)*0.8,2)
- Indirect Cost Rate Percentage:
This is a component of the formula above (highlighted in yellow). - Commission Fixed Percentage Calc:
This is a component of the formula highlighted in the screenshot below. The yellow portion of the following formula is where this number will be used.
The yellow portion is the value entered for the Max. Amount Can Request as AmeriCorps Share.
Note that the “,2” in the formula means that the result will be rounded to two decimal places.
- Formula = ROUND(((Section I AmeriCorps Share total + Section II AmeriCorps Share total)*0.0526)*0.2,2)
- Max Amount Can Request as Grantee Share:
This is a component of the formula highlighted in the screenshot below. Note that if you do not want the program to use this formula, you can check the checkbox just below this section that reads, Let Site Enter a Number (No Auto Calculation).
Note that the “,2” in the formula means that the result will be rounded to two decimal places.
- Formula = ROUND((Section 1 Total + Section II Total)*0.335)-Section II AmeriCorps Share Subtotal,2.
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