Congratulations! You saw the phrase “Federal cost principles” and didn’t run in fear! NAPCS stands ready to support your work throughout the reimbursement process. Successful Federal grant management rests in our ability to understand those expenses defined by the federal government in the Code of Federal Regulations (CFR). Each Federal program has its own rules and policies, but, these principles, set in the CFR, are the basis for allowable spending of federal dollars.
In the coming weeks we will highlight different cost principles, and explain what they mean for you. Today, we start with an analysis of some of the expenses related to start up schools. For more information, read our breakdown here. Have you experienced difficulties in your reimbursement process, now or in the past? Please let us know about them, so that we can target our efforts to better meet your needs. As always feel to contact me with questions whenever they arise.
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