Purchase of Executive Benefit Plan - Cost Principles
SUBJECT: Waccamaw Economic Opportunity Council, Inc.
This disallowance was previously before the Board in Waccamaw Economic Opportunity Council, Inc., DAB No. 1679 (1999). There, the Board remanded the appeal to DCA to determine if any of the disallowed amount was allowable under cost principles that provide specific guidance for determining the amount of pension contributions that may be charged to federal grants but which DCA had not addressed in taking the disallowance or in presenting its case before the Board. DCA determined on remand that those cost principles did not provide a basis for allowing any of the pension payments, and this appeal followed. More>>