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(f) equipment purchases which do not exceed $300; ' <br /> (g) administrative costs associated with capital projects which <br /> are not reimbursed elsewhere; <br /> (h) repairs to buildings, equipment or vehicles which do not <br /> extend the useful life of same; <br /> (i) reasonable expenses and compensation for Grantee's board <br /> members or trustees; and <br /> (�) any other expenditure which the Department determines is an <br /> eligible operating expense according to generally accepted <br /> standard accounting practices for public transportation <br /> operations. <br /> ITEM 6 - INELIGIBLE OPERATING EXPENSES <br /> Ineligible operating expenses include: <br /> (a) depreciation; <br /> (b) amortization or depreciation of any intangible assets; <br /> (c) debt service on capital assets acquired with the assistance <br /> of capital grant funds provided by the State; <br /> - (d) profit or return on investments; <br /> (e) excessive payments to associated entities; <br /> (f) any expense eligible for federal funding under a capital <br /> assistance program; <br /> (g) costs reimbursed under Sections 6 or 8 of the Federal Transit <br /> Act, as amended (42 USCApp 1605 and 1607) or under any other <br /> federal, state or local program; <br /> (h) entertainment expenses; <br /> (i) charter, school bus and sightseeing expenses; <br /> (j) fines and penalties; <br /> (k) charitable donations; <br /> (1) interest expense on long-term borrowing and debt retirement . <br /> other than on publicly-owned and facilities; <br /> (m) income taxes; <br /> (n) expenses associated with compliance with the Single Audit Act <br /> (31 USC 7501 et sea) ; <br /> (o) expenses for freight haulage provided by Grantee; <br /> 5 <br />