Section 9: Overhead Charges
Anchor: #i1001065Guidelines
Indirect charges such as general engineering and supervision, general office salaries and expenses, construction engineering and supervision by other than the utility, legal expenses, insurance, relief, pensions, and taxes shall be charged to jobs or units “on the basis of the amount of such overhead reasonably applicable thereto”. All indirect costs (overheads/loadings) should be described and supported at the time of billing. These costs are subject to audit for determination of eligibility.
Some costs which are not eligible for State and Federal participation are:
- Anchor: #LRBJFDUU
- entertainment expenses, Anchor: #YCHCHEGF
- advertising, Anchor: #PIBYFNCR
- sales promotion, Anchor: #BQIAGHBF
- special insurance premiums such as those on lives of company officials, Anchor: #AQHIIXVO
- special bonuses not a part of the general condition of employment, Anchor: #IHFRUANE
- taxes and expenses relating to financing or Anchor: #OCYPBEST
- refinancing including issuance of stock, Anchor: #DWVTRNCB
- expenses of listing of securities on exchanges, Anchor: #AFVMLHCS
- Federal and State income taxes, Anchor: #PTWLUTVR
- provisions for contingent reserves, director’s salaries or special management studies, Anchor: #UIEENOGQ
- bad debts, Anchor: #VRBXEOQR
- sale and rate studies, Anchor: #JJUWGHCH
- contributions, Anchor: #XVMXVVLF
- fines and penalties, Anchor: #EJEAOTWD
- interest on borrowings, and Anchor: #PQELVGGB
- lobbying and research programs.