All Providers must provide a cost allocation plan along with their budget every FFY. The BFET Program offers two options, either:
•An in-direct cost rate to cover the common costs or
•A cost allocation plan to cover the common costs.
One method is required. If the in-direct cost rate is requested, a copy of the approved indirect rate cost letter is required with the cost allocation plan. All payroll/admin costs must be allocated (Ex: fringe benefits) through the same method chosen.