STATE OF CONNECTICUT
THE STATE COMPTROLLER
55 ELM STREET
HARTFORD, CONNECTICUT 06106-1775
MEMORANDUM NO. 2004-24a
July 23, 2004
TO THE HEADS OF ALL STATE AGENCIES
|Attention:||Chief Fiscal Officers or Business Managers|
|Subject:||Fiscal Year 2003-2004 Workers' Compensation Costs|
All state agencies receiving Federal or any other grants, or private funds, etc. must compute an indirect cost rate for each fiscal year of their Federal or other programs. The proposal is to be submitted for approval to the agency's cognizant Federal department or agency within six months after the close of each fiscal year.
Generally, Federal cognizance of a particular state agency is assigned to that Federal department with the largest dollar involvement. This rate shall enable the state to recover both agency and statewide indirect costs as permitted by Federal regulations.
II. AGENCY RESPONSIBILITY
Workers' Compensation Costs. Actual cost of claims paid per agency during the 2003-2004 fiscal year should be included in any Indirect Cost Proposal or Cost Allocation Plan using costs included in the 2003-2004 Statewide Cost Allocation Plan.
The schedule of Workers' Compensation Expenditures for FY 2003-2004 was not available when the original memorandum was published. The schedule is now available and is attached to this memorandum.
Agencies with a specific Worker's Compensation appropriation should use the total expenditures of that appropriation in their Indirect Cost Proposal or Cost Allocation Plan. For all other agencies, a schedule of the amount of Workers' Compensation costs paid on their behalf in 2003-2004 to be included in their Indirect Cost Proposal or Cost Allocation Plan is attached.
Questions concerning this memorandum should be directed to the Cost Reporting Unit of the Budget and Financial Analysis Division at 860-702-3352.
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