If the Program Services Expenses Category Includes Both Directly Related

question 7

Essay

If the program services expenses category includes both directly related costs and indirect costs allocated to it, why is it necessary to have a separate category of "supporting services expenses"?

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Definitions:

Loan Repaid

The process of paying back borrowed money to the lender, typically including both the principal amount and any accrued interest.

Borrower Dies

The situation where an individual who has taken out a loan passes away, potentially affecting the repayment obligations and terms of the loan.

Recorded Mortgage

A mortgage that has been formally documented with a governmental office or registry, thereby providing public notice of the lien on the property.

Financing Commitment

An assurance provided by a lender indicating the terms under which they agree to lend money to a borrower.