CostReport-DHS.ppt

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Why is there such a wide variance? 1. Cost Reporting 2. Unit Reporting 3. Or is there actually just a large variance between the agencies We believe it is due to 1 2. * * * Start/End Date T or F: Start and end dates need to be included on the cost report. True Enter the date that the individual began employment with your agency. If the individual has been employed for more than a year, use the first day of the current fiscal year as the start date. Example: Jane Doe started 8/14/1999. For the reporting period on the cost report for FY04, you would enter 7/1/2004 as the start date. * Start/End Date Please include an end date for everyone. Enter the date the individual terminated employment with your agency. If the individual is currently employed with your agency at the end of the fiscal year, enter the last day of the current fiscal year. For FY04, if the individual was still employed at the end of the fiscal year, you would enter 6/30/2005 as the end date. * Position Numbers Position numbers are used to count employees and develop a turnover ratio. Please include position numbers so that turnover rates can be analyzed (refer to yellow comment). If one employee replaces another employee, the same position number should be used (refer to orange comment). True or False: Position Numbers are not used to analyze data. False * Wages and Bonus Bonuses should not be included in the salary per hour or hourly wage. Do not include the bonus amount in the total wages paid column. The bonus and total wages paid added together should match what is reported on Schedule A for the appropriate account (1010, 1020, 1040). * Rate Setting Cost-Based Rates should include all direct and indirect costs related to the provision of the service by the provider. Direct Costs: Those costs attributed to a single cost objective. Salary and material costs within a unit are directly attributable to services. Indi