Answer: Management will consult with the Board of Child Care and Office of Refugee Resettlement regarding cost classifications.
Trend: There is a need for clarity on whether certain costs should be treated as capital or operating expenses.
List: Follow up on the guidance received and ensure proper cost allocation practices are implemented.
Finding Text
Management’s Response: The Home will seek assistance and guidance from the Board of Child Care of the United Methodist Church and the Office of Refugee Resettlement to determine when/if costs are considered capital or operating for indirect allocation.
Corrective Action Plan
Action Taken: The Home sought guidance from the Board of Child Care of the United Methodist Church and the Office of Refugee Resettlement to determine when/if costs are considered capital or operating for indirect allocation.