RESOLUTION NO. 26-43
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NORWALK APPROVING THE COST ALLOCATION PLAN FOR FISCAL YEAR 2026- 2027
WHEREAS, the City of Norwalk incurs indirect costs in the course of providing centralized support services to operating departments and programs; and WHEREAS, in an effort to ensure these indirect costs are allocated in a fair, transparent and consistent manner, the City of Norwalk has prepared a Cost Allocation Plan in accordance with recognized government accounting practices and the Federal Office of Management Uniform Guidance Title 2 of the Code of Federal Regulations Part 200; and
WHEREAS, the Cost Allocation Plan serves as the official basis for internal cost identification and distribution to enable the City to claim allowable indirect costs on various grants; and
WHEREAS, the adoption of the Cost Allocation Plan will enhance the City of Norwalk’s financial transparency and ability to plan and support long-term fiscal sustainability.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF NORWALK HEREBY DETERMINES, FINDS, AND RESOLVES AS FOLLOWS:
Section 1. Adoption and incorporation of Recitals. The recitals set forth above are true and correct and are incorporated herein.
Section 2. Adoption of Cost Allocation Plan. The City Council hereby approves and adopts the Cost Allocation Plan set forth and attached hereto as “Exhibit A” and incorporated herein by reference for fiscal year 2026-2027.
Section 3.The Mayor, or presiding officer, is hereby authorized to affix her signature to this Resolution signifying its adoption by the City Council of the City of Norwalk and the City Clerk, or her duly appointed assistant, is directed to attest thereto.
APPROVED AND ADOPTED on this 7th day of July 2026.
JENNIFER PEREZ
MAYOR
ATTEST:
____________________________
THERESA DEVOY, CMC
CITY CLERK
Exhibit A
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