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Presenter explains SWICAP: how statewide cost allocation affects agency budgets
Summary
Jared Tetrault outlined the statewide cost allocation plan (SWICAP), explaining how central service and direct-billing costs (attorney general, controller, treasurer, ITS, risk management, LSO audits) are recovered across funds and reflected in appropriations with a two‑year lag.
Jared Tetrault described the statewide cost allocation plan (commonly called SWICAP) to the Joint Finance and Appropriation Committee on Jan. 7, explaining how central service charges are calculated and how those charges appear in agency budgets.
"SWICAP ... is an actual document that the division of financial management puts together that they send off to our federal authorizing entity," Tetrault said, describing the plan as the method for allocating central service costs equitably across funds and agencies.
Tetrault told members SWICAP has two parts as it appears in the budget: allocations for central service agencies (the attorney general, the state controller and the state treasurer) and budget adjustments for…
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