C&S ENGINEERS, INC. (A WHOLLY-OWNED SUBSIDIARY OF C&S WORLDWIDE HOLDINGS, INC.)
NOTES TO SCHEDULES OF OVERHEAD COST RATES December 31, 2019
NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES – Continued
Personal Use of Company Vehicles
The officers of the Company have personal usage of Company vehicles, which is tracked through vehicle logs. Amounts attributable to this personal use ($1,463 for 2019) were disallowed in compliance with FAR 31.205-6(m)(2).
Facilities Capital Cost of Money
Facilities capital cost of money has been calculated in accordance with FAR Section 31.205-10, using average net book values of equipment and facilities multiplied by the average treasury rate for the applicable period. Equipment and facilities include furniture and fixtures, computer equipment, vehicles, and leasehold improvements. The calculation is as follows:
Facilities Capital Cost of Money
Average Net Book Value of Leased Assets$ 6,456,476
Multiplied by: Average Treasury Rate3.1250%
Facilities Capital Cost of Money$ 201,765
Divided by: Direct Labor Cost22,464,738
Facilities Capital Cost of Money Rate0.90%
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