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Thread: Cost Share

  1. #1
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    Default Cost Share

    What's everybody's experience with increasing the cost share to improve the chance of receiving an award?

    What's the max cost share a department could offer?

    Does the cost share differ for Vehicles versus Ops/Safety?

    Thanks
    -dave


  2. #2
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    Quote Originally Posted by davepa View Post
    What's everybody's experience with increasing the cost share to improve the chance of receiving an award?

    What's the max cost share a department could offer?

    Does the cost share differ for Vehicles versus Ops/Safety?

    Thanks
    -dave
    It has been done by departments with successful results. It can be done by any department, but smaller departments with smaller budgets, smaller populations, low call volume etc. probably benefit the most especially getting past the computer.

    1) The cost vs. benefit decreases making the project more appealing.
    2) It shows the department is trying to help itself and not asking for the full amount allowed for their classification.

    I believe for a rule of thumb it's equivalent to around 25% for vehicle or ops.

    Keep in mind you still need the required match regardless of the extra put in. So don't short change yourself.

    Ex. A $250,000 project, there is $50,000 to put towards the project. The request would be $200,000, but you need $10,000 match (assuming 5%). Now your total for the application is $60,000. You want to make adjustments to the requested amount so you would not exceed the $50,000.

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    We were told 23% was the magic #. Anything over that and you would become a good risk for approval from a bank.

    So for a Rural Department with a 5% local share you take 18% off the project cost and the computer will take the other 5% for the local share.

    My only question on that would be does it make any differance if you need to borrow the 23%?

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    No, AFG doesn't care where you get it from if awarded. And no where does it ask that in the application so no need to mention if you're going to finance it. Which would open up a can of worms in the app anyway, on why the whole amount couldn't be financed, ie, drop your scoring in Peer if that questions isn't answered to the Reviewers' satisfaction.

    I advise people to ask for less and then overmatch if awarded so the overall project request is less. Keep the cost-benefit down. Showing you have more money to throw at a match on many projects would show that you have a decent amount to start replacing the items yourself on a regular basis (for equipment apps), negating the need for a grant. Once you state you have more than the required match then you need to answer how you got that money, and why it hasn't been spent on other projects, and a host of other questions you need to provide answers for that the application doesn't ask you but readers want to know. In other words, too much of the wrong information leads them away from the line that you need the grant and can't buy much of anything to help yourself.

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    Quote Originally Posted by BC79er View Post
    No, AFG doesn't care where you get it from if awarded. And no where does it ask that in the application so no need to mention if you're going to finance it. Which would open up a can of worms in the app anyway, on why the whole amount couldn't be financed, ie, drop your scoring in Peer if that questions isn't answered to the Reviewers' satisfaction.

    I advise people to ask for less and then overmatch if awarded so the overall project request is less. Keep the cost-benefit down. Showing you have more money to throw at a match on many projects would show that you have a decent amount to start replacing the items yourself on a regular basis (for equipment apps), negating the need for a grant. Once you state you have more than the required match then you need to answer how you got that money, and why it hasn't been spent on other projects, and a host of other questions you need to provide answers for that the application doesn't ask you but readers want to know. In other words, too much of the wrong information leads them away from the line that you need the grant and can't buy much of anything to help yourself.
    Agreed for equipment apps...but when talking about a $600+ quint replacement project, even if a department can finance an additional $100 or $150 (e.g., PA VLAP), that only covers a small portion of the overall cost...

    in that situation, would you still say that overmatching is a detriment or a benefit to the app?

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    Then that would be asking for minimal match on $450-500k quint instead of $150k going towards a $600k one. Like anything else a few get through showing full price and overmatch up front, but most get tanked in comparison to just matching what is required. Most overmatch on trucks after the award anyway, and no issue with doing so but stats support asking for less instead of showing the cards. Too many questions from Reviewers if you show them too much money. $150k pays a few years worth of loans and that's the main barrier people run into that they can't explain around. Can't explain it, score drops. Don't put yourself in a situation to have to explain something tangental to the main argument and score goes up.

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