With the tight budgets that nonprofits like yours often have, keeping track of your spending is critical. That's why cost allocation is such an important planning tool when setting and maintaining your budget. By knowing the “why” behind your spending, you can help avoid unnecessary costs and keep expenditures down.
Laura McKinley, the fiscal monitoring supervisor for the Florida Department of Education's Office of Early Learning, will cover several aspects of cost allocation. Points of discussion will include:
• The definition and value of cost allocation
• Basic considerations
• Methodologies and common errors
• Developing a cost allocation plan
• ... and more!