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San Angelo staff detail indirect cost allocation plan; board seeks clearer direct-vs-indirect view
Summary
Assistant Finance Director Ryan Gaddy briefed the San Angelo Development Corporation board on the city's annual indirect cost allocation plan, saying COSADC's share is about $222,000 (roughly 1.5% of the $14.7M total allocated cost). Board members asked for clearer side-by-side reporting of direct and indirect costs.
Assistant Finance Director Ryan Gaddy presented the San Angelo Development Corporation board with the city's annual indirect cost allocation plan, explaining how the city distributes shared administrative costs to operating programs and funds.
Gaddy said the current fiscal-year allocation to COSADC is about $222,000, which he characterized as roughly 1.5% of the approximately $14.7 million total allocated administrative cost across receiving departments. He said legal and finance are the largest service-provider components and that the city contracts with MGT Consulting to prepare the detailed allocation study.
"An indirect cost allocation is an…
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