Allowable Costs Overview
Fiscal & Administrative Review Assistance for IDHS Providers
Allowable costs are charges incurred by your organization to support the implementation of a grant award. It is critical for your organization to understand the standards for allowability of costs.
Costs must meet the following general criteria to be allowable:
- Be necessary and reasonable for your organization to implement the grant award
- Be allocable to the grant award under the provisions of the applicable cost principles
- Be consistent with policies and procedures that apply uniformly to grant awards and other activities of your organization
- Treat direct and indirect costs consistently
- Be in accordance with generally accepted accounting principles (GAAP)
- Not used to meet the cost sharing or matching requirements of another grant award
- Be adequately documented
- Incurred during the period performance and consistent with the approved award budget
Your organization's financial management system must meet the following standards to account for allowable costs:
- A system that enables accurate and distinct tracking of transactions for grant awards
- Facilitates retention of supporting documentation for grant expenditures
- Employs effective internal controls to avoid non-compliance with statutes and regulations
- Utilizes budget control over expenditures to reconcile with the approved budget
Grantee Reminders
- Develop a consistent approach to assess eligibility of costs and cost allocation for grant programs
- Review your program's specific Notice of Funding Opportunity and Uniform Grant Agreement for Catalog of Federal Domestic Assistance (CFDA) requirements on allowable costs
- Request prior approval from IDHS if you cannot determine if a cost is allowable