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RSU Releases Final RCM For 2014

20 Jan 2014

On January 14, 2014, the NY State Education Department’s Rate Setting Unit released the final reimbursable cost manual for fiscal 2014. The final cost manual was principally the same as the draft issued during October 2013, with a few small changes:

  • Reinstated waivers, with SED permission, on related party rent and other related party transactions
  • Added 605 position title codes to those individuals entitled to receive bonuses
  • Made it easier for programs to meet the criteria for use of cell phones
  • Requires Executive Director’s time sheets to be approved by the organization’s controller, compliance officer, or similar position

For a full copy of the RCM, go to http://www.oms.nysed.gov/rsu/Manuals_Forms/Manuals/RCM/home.html