Core Costs and Full Cost Recovery

Information Session (b)

Core Costs and Full Cost Recovery

• Some employees may choose to use the Inland Revenues salary sacrifice scheme and funders are refusing to meet the costs of this.
• Funders are refusing to meet costs for mortgages and rent.
• There are toolkits and training available to help organisations use full cost recovery effectively.
• It is very difficult to plan a budget for seven – ten years as costs for certain things may change eg heating. Organisations need to carryout a sensitivity analysis, which is when you identify things, like oil or electricity, which might be sensitive to change over the funding period. Time required to carry out full cost recovery.
• All future applications should if possible adopt full cost recovery.
• Adopting a reasonable approach.
• Theory and Practice and the gulf between the two.
• Funders and applicants require training.
• Diversity of organisations and relevance for all.
• Better to reject a project / programme or change outcomes,than under fund it.
• Different funders have very different approaches to funding and what to expect from funded groups.
• Some good progress has been made in areas of monitoring and proportionally by the VCU.
• It is very frustrating that statutory funders all have very different approached – there should at least be consistency across government.