Unformatted text preview: or other records[ CITATION Fre13 \l 1033 ]. However, grants are usually intended only to supplement current funds. A grantor may not permit general municipal overhead to be charged due to the possibility of abuses, such as manipula±on of accoun±ng records to maximize the amount received for a grant. Even if the charging of overhead is deemed acceptable, it may be di³cult to determine the correct percentage that should be charged to the project, which could cause audit problems. There may also be exclusions that prevent the charges of overhead from the project cost as outlined by statute, grant or contractual agreement, or by administra±ve determina±on[ CITATION Fre13 \l 1033 ]. Works Cited Freeman, R. J., Shoulders, C. D., Allison, G. S., & Smith, Jr., G. R. (2013). Governmental and Nonproft AccounTng: ±heory and PracTce,. New Jersey: Pearson....
View Full Document
- Fall '14
- Finance, Electric charge, Freeman, general municipal overhead