In other words, the final amount paid by will be $850,000, not • GRANT NPS $1,000,000, because the actual final is $1,700,000, not TOTAL PROJECT COST $2,000,000. While the may change, the TOTAL PROJECT COST RATE OF cannot be changed. REIMBURSEMENT Solutions to avoid these common issues The rate is typically not a problem for if the ACQUISITION: ACQUISITION PROJECTS purchase price is agreed upon with the land owner at the time of because APPLICATION, the will be known. TOTAL PROJECT COST For that have not yet gone out to bid, DEVELOPMENT: DEVELOPMENT PROJECTS OGALS recommends underestimating the at the time of Thus, TOTAL PROJECT COST APPLICATION. if the actual, the final is more than the “underestimated” TOTAL PROJECT COST TOTAL established the time of the full amount can be PROJECT COST APPLICATION, GRANT reimbursed with the submitted. ELIGIBLE COSTS Rate of Reimbursement and Match Calculation Worksheet This technical assistance worksheet is not an form requirement. APPLICATION Calculation: (If a is established, the GRANT REQUEST RANGE RATE OF REIMBURSEMENT formula below is used for any possible amount within the GRANT GRANT REQUEST RANGE divided by the TOTAL PROJECT COST.) amount $ GRANT ÷ Divided by $ TOTAL PROJECT COST Equals = (0.00 Decimal) RATE OF REIMBURSEMENT converts this decimal into a percentage, and the percentage is called the NPS reimbursements will be calculated using the RATE OF REIMBURSEMENT. GRANT above decimal, multiplied by the total listed on the Grant ELIGIBLE COSTS Expenditure Form. See the Grant Expenditure Form found in the Grant Administration Guide. Example: amount requested is $1,000,000. established at the time of GRANT TOTAL PROJECT COST Application is $3,000,000. $1,000,000 divided by $3,000,000 = .33, meaning the is 33%. RATE OF REIMBURSEMENT In this example, the Total Costs shown on Grant Expenditure Forms for reimbursement payment requests will be multiplied by .33, so 33% of the Total Costs will be reimbursed LWCF Application Procedural Guide
• In other words, the final GRANT amount paid by NPS will be $850,000, not $1,000,000, because the actual final TOTAL PROJECT COST is $1,700,000, not $2,000,000. While the TOTAL PROJECT COST may change, the RATE OF REIMBURSEMENT cannot be changed. Solutions to avoid these common issues ACQUISITION: The rate is typically not a problem for ACQUISITION PROJECTS if the purchase price is agreed upon with the land owner at the time of APPLICATION, because the TOTAL PROJECT COST will be known. DEVELOPMENT: For DEVELOPMENT PROJECTS that have not yet gone out to bid, OGALS recommends underestimating the TOTAL PROJECT COST at the time of APPLICATION. Thus, if the actual, the final TOTAL PROJECT COST is more than the “underestimated” TOTAL PROJECT COST established the time of APPLICATION, the full GRANT amount can be reimbursed with the ELIGIBLE COSTS submitted. Rate of Reimbursement and Match Calculation Worksheet This technical assistance worksheet is not an APPLICATION form requirement. RATE OF REIMBURSEMENT Calculation: (If a GRANT REQUEST RANGE is established, the formula below is used for any possible GRANT amount within the GRANT REQUEST RANGE divided by the TOTAL PROJECT COST.) GRANT amount $ Divided by ÷ $ TOTAL PROJECT COST Equals = RATE OF REIMBURSEMENT (0.00 Decimal) NPS converts this decimal into a percentage, and the percentage is called the RATE OF REIMBURSEMENT. GRANT reimbursements will be calculated using the above decimal, multiplied by the total ELIGIBLE COSTS listed on the Grant Expenditure Form. See the Grant Expenditure Form found in the Grant Administration Guide. Example: GRANT amount requested is $1,000,000. TOTAL PROJECT COST established at the time of Application is $3,000,000. $1,000,000 divided by $3,000,000 = .33, meaning the RATE OF REIMBURSEMENT is 33%. In this example, the Total Costs shown on Grant Expenditure Forms for reimbursement payment requests will be multiplied by .33, so 33% of the Total Costs will be reimbursed LWCF Application Procedural Guide