Completing the Final Administrative Cost Proposal (FACP) -

130 - Completing the Final Administrative Cost Proposal (FACP) - (Rev. 2, 08-30-02) A1-1361, B1-4361 The contractor shall prepare the FACP allocated by PM and MIP funds. It shall include all Medicare costs incurred during the FY or other period as mutually agreed upon. It shall not include adjustments related to prior years' costs on the current FACP. It shall include them as an amendment to the FACP for the year affected. The report is the final allocation of all costs, both direct and indirect, including adjustments to previously reported costs. It represents the final claim and serves as the basis for audit and final settlement of allowable costs.