FLOOD02680 - Laserfiche WebLink

Home Browse Search

. Local Match (continued) . Proaram Income When previously authorized, program income, as disc used fully in the next section, may be used to meet the matching requirement of the FMA Planning Grant agreement. It is highly unlikely, however, that an FMA planning grant award would produce program income. . . Local Match Summary . 24 How to Manage a Planning Grant Award Donated Equipment. Buildinf!s. and Lantl If a 3rd party donated equipment, buildings, or land and the title passes to the local jurisdiction, the amount that is allowable for purposes of matching the federal grant depends on whether the grant is for capital or operating expenditures. FMA Planning Grants are not awarded for capital expenditure thus this category is eliminated from discussion. However, it is possible that the grant recipient may use an FMA planning grant for operating expenditures. The following policy governs this category. . Grants for Current Operations. No amount of matching may be claimed for donated equipment, building, or land as 3rd party in- kind contributions. Instead, depreciation or use allowanced based on the market value of the donations will constitute allowable costs to be charged as match. Such depreciation or use allowances are determined and allocated according to the cost principles in the same manner as depreciation or use allowances for property purchased by the local jurisdiction. The most common problem with 3rd party in-kind contributions is lack of documentation. Grant recipients should exercise extreme care to document all 3rd party in-kind contributions, The grant recipient must show how it arrived at the valuation placed on 3rd party in-kind contributions. For example, the quantity and allocability of volunteer services must be supported, to the extent feasible, by the same methods that the local jurisdiction uses for its own employees performing similar services. If, for instance, a local jurisdiction's employees use a time clock, so too must volunteers performing similar work. . The funding approval notice indicates the amount of resources which must be devoted to this FMA planning grant. SEMA requires that local cash be spent first prior to the use of FMA funds, unless it is not possible or feasible to do so, If local funds cannot be used first, indicate this in a memorandum to the financial files. If in doubt about any local match contributions or the valuation of 3rd party in-kind contributions do not proceed with planning activities until the issue is resolved with SEMA, If any condition changes that might jeopardize meeting the local match requirement, STOP all planning activities and contact the State Hazard Mitigation Officer at (573) 526-9228. How to Manage a Planning Grant Award