OMIF - Technical old

• As outlined in the OMIF Guidelines, costs related to capital expenditures (i.e. equipment, software) are restricted to specific circumstances. In the circumstances where costs related to capital expenditures are permitted to be included in the activities budget, an applicant can only include the “amortization expense” related to the cost of the capital expenditure. Where a capital asset has been rented, the actual rental cost is permitted for inclusion.

  The amortization expense for each capital expenditure must be calculated using the prescribed amortization method outlined in each program stream guideline (i.e. straightline method, % of cost). See the applicable guidelines to determine the maximum amount of amortization expense that is eligible to be included in the activities budget.