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An optional module in SPM Projects. Cost allocation is a process which links the drivers and purposes of a project with the sources of funds available to support the project. Common sources of project funding include depreciation reserves for funding asset renewal, development contributions for funding growth in demand, and loan funding to support the capital needs providing services to the community. Rates and user charges are typically used to fund operation and maintenance activities and service debt on capital loans. The sources of funds are identified in the Revenue and Finance Policy. To ensure that project expenditure is correctly matched to each source of funds it is necessary to consider a cost allocation process for each project in the LTCCP. Where the source of funds relates to an external party such as development contributions it is essential that a rigorous, robust and repeatable cost allocation process is undertaken. Undertaking a cost allocation process is consistent with the requirements of LGA 2002 schedule 10.
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The formula provided are an indication of how costs are calculated, and should be considered as a guide only. The actual calculations are significantly more complex and are not described in this manual. |
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When advancing through a series of screens, it is important that data changes are saved on each individual screen before progressing to the next. |
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Avoid using special characters, in particular ' and & when entering data descriptions. |
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