The Office of Policy and Management has established new statewide cost accounting standards for the purchase of service (POS). This document establishes standards for determining the costs of contracts, grants, and other agreements with organizations that receive funding from the State of Connecticut. These cost standards must be used by all State agencies in determining the costs incurred by organizations under State awards.
These cost standards are effective September 1, 2006 and must be incorporated into the provisions of State awards according to the following time frames:
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All new State awards effective on or after January 1, 2007
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All contract amendments modifying funding effective on or after January 1, 2007
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All State awards effective on or after July 1, 2007
{Word icon} Purchase of Service: Cost Standards (Word.doc, 507KB)
Date: September 1, 2006
NOTE: This document is set up for 2-sided printing.
{Adobe icon}
Memo to Commissioners from Secretary Robert L. Genuario (PDF, 20KB)
Subject: Cost Standards
Date: September 1, 2006
{Word icon} Cost Standards: Frequently Asked Questions (FAQs) (Adobe.pdf, 65KB)
Date: March 22, 2007
NOTE: This document is set up for 1-sided printing.
Any questions regarding the cost standards may be forwarded in writing to:
Executive Financial Officer
Office of Finance
Office of Policy and Management
450 Capitol Avenue, MS# 55 SEC
Hartford, CT 06106-1308
