STATE OF CONNECTICUT
COMPTROLLER
55 ELM STREET
HARTFORD, CONNECTICUT 06106-1775
DEPUTY COMPTROLLER
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STATE OF CONNECTICUT |
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| NANCY WYMAN COMPTROLLER |
OFFICE OF
THE STATE COMPTROLLER 55 ELM STREET HARTFORD, CONNECTICUT 06106-1775 |
MARK OJAKIAN DEPUTY COMPTROLLER |
MEMORANDUM NO. 2006-25
July 19, 2006
TO THE HEADS OF ALL STATE AGENCIES
| Attention: | Chief Administrative Officers, Chief Fiscal Officers and Business Managers |
| Subject: | Fiscal Year 2005-2006 Workers' Compensation Costs |
I. BACKGROUND
All state agencies receiving Federal or other grants, any 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. An indirect cost 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 an agency that includes the 2005-2006 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 2005-2006 fiscal year. Please see the attached schedule for workers' compensation expenditures by state agency.
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.
III. QUESTIONS
If you have any questions regarding this memorandum please call the Budget and Financial Analysis Division's Cost Reporting Unit at (860) 702-3352.
NANCY WYMAN
STATE COMPTROLLER
NW:BWJ
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