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Cost Allocation Plan. <br />Senior Resource Association, Inc. <br />EIN: 59-1539957 <br />694 14" Street <br />Vero Beach, Fl. 32960 <br />772.569.0760 <br />Contact Person(s): Karen Deigl, Chief Executive Officer, President Email: kdeigl@sramail.org <br />Jennifer Johnson, Chief Financial Officer, Vice President Email: jjohnson@sramail.org <br />Purpose/General Statements <br />Senior Resource Association (SRA) was incorporated as a nonprofit organization in January 1974 <br />to provide programs and services designed to promote an active, healthy, independent lifestyle <br />for older adults. SRA assists seniors and their families in finding resources they seek, delivers <br />quality, professional services designed to meet a senior's individual needs and provides programs <br />and volunteer opportunities for active older adults. SRA administers a variety of programs funded <br />by Federal, State, and Local agencies. Key programs include: Nutrition Services, Adult Day <br />Services, Case Managed Services, Information and Referral, and Transportation. <br />The purpose of this cost allocation plan is to summarize, in writing, the methods and procedures <br />that Senior Resource Association, Inc. (SRA) will use to allocate indirect costs to programs and <br />grants. The proposal is for a Cost Allocation Plan (Plan) to cover the period of July 1, 2017 and <br />ending June 30, 2018. <br />OMB Circular A-122, "Cost Principles for Non -Profit Organizations," establishes the principles for <br />determining costs of grants, contracts and other agreements with the Federal Government. <br />Senior Resource Association's Cost Allocation Plan is based on the Direct Allocation method <br />described in OMB Circular A-122. The Direct Allocation Method treats all costs as direct costs <br />except general administration and general expenses. <br />Direct costs are those that can be identified specifically with a. particular final cost objective. <br />Indirect costs are those that have been incurred for common or joint objectives and cannot be <br />readily identified with a particular final cost objective. SRA maintains adequate internal controls <br />to insure that no cost is charged both directly and indirectly to Federal, State or Local grants. <br />Only costs that are allowable, in accordance with the cost principles, will be allocated to grants <br />by Senior Resource Association. The. Cost Allocation Plan is updated annually after the budget <br />699 141' Street • Vero Beach, FL 32960 • PH: 772.569.0760 • FX: 772.778.7272 • SeniorResourceAssociation.org <br />Providing activities, education and services 107 <br />