Direct and Indirect Costs

• Direct Costs: These are expenses directly associated with the program, including training, recruiting, and hosting costs. For example, training costs may include materials and instructor fees.
• Indirect Costs: These costs are not directly tied to program activities but are necessary for operation, such as administrative salaries and building maintenance.
• Opportunity Costs: This refers to the potential benefits lost when participants and instructors spend time traveling to and from the program instead of engaging in other productive activities.

Funding Sources for Sustainability

• Diverse Funding Strategies: It is crucial to employ multiple funding strategies to ensure program sustainability. This includes seeking funds from Medicare, Medicaid, private insurers, and various government agencies.
• Community Partnerships: Building collaborations with local businesses and organizations can provide unique skills and resources that enhance program offerings.
• Program Participant Fees: Charging fees for program participation can also contribute to funding, although it should be balanced with accessibility for older adults.