STATE OF CONNECTICUT
THE STATE COMPTROLLER
55 ELM STREET
HARTFORD, CONNECTICUT 06106-1775
MEMORANDUM NO. 2005-18a
July 20, 2005
TO THE HEADS OF ALL STATE AGENCIES
|Attention:||Chief Administrative, Chief Fiscal Officers and Business Managers|
|Subject:||Fiscal Year 2004-2005 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. Any Indirect Cost Proposal or Cost Allocation Plan prepared by agency that includes the 2004-2005 Statewide Cost Allocation Plan cost allocated to the agency should also include the actual cost of claims paid on behalf of the agency during the 2004-2005 fiscal year.
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.
The attached "2004-2005 Workers' Compensation Expenditures Schedule" of actual cost of workers' compensation claims paid on behalf of agency during the 2004-2005 fiscal year was not available when the original Memorandum 2005-18 was published.
If you have any questions regarding this memorandum please call the Cost Reporting Unit, Budget and Financial Analysis Division at 860-702-3352.
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