Guidelines on Allowable Costs and Related Parties in Long-term Debt Training

Explore guidelines on allowable costs and transactions with related parties in long-term debt training programs. Learn about costs paid to other agencies, examples of allowed costs, and costs not allowed. Gain insights into the XI-Q Bond Agency Guide and upcoming training sessions. Have questions? Find answers here.

• Allowable Costs
• Related Parties
• Long-term Debt
• Training
• XI-Q Bond

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Uploaded on Sep 23, 2024 | 0 Views

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1. Allowable Costs: Related Parties Long-term Debt Training June 20, 2017 Rhonda Nelson, Capital Finance Analyst DAS Chief Financial Office

2. Costs Paid to Other Agencies Bond proceeds cannot be used to pay other state agencies for costs incurred as part of the project unless: Costs represent out-of-pocket payments to unrelated parties, such as employees of the State; and The payment to the unrelated party is made no later than 5 banking days after the date bond proceeds are allocated to the costs

3. Examples of Allowed Costs A portion of an employee s salary can be paid for with bond proceeds if the costs are allowed to be capitalized to the asset (the Project ), because such costs are paid to an unrelated party (employee) Costs paid to DEQ, only if the payment is a reimbursement of a dollar for dollar charge by an outside contractor

4. Examples of Costs Not Allowed DOJ fee, if the costs do not get passed through to a specific employee s salary BOLI fee, if the costs do not represent a dollar for dollar reimbursement of costs billed to DEQ by an outside contractor DAS assessment, if it does not represent a dollar for dollar reimbursement of costs billed to DAS by an outside contractor

5. XI-Q Bond Agency Guide & Training An agency guide to the XI-Q bond program will be coming soon Training sessions on XI-Q bond program to follow

6. Questions?