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Cost
Sharing
It is the PI
/ department's
responsibility
to track the expenses
made to complete
a cost share agreement.
The only exception
is when the University
agrees to a reduced
F&A rate and
the unrecovered
F&A fulfills
the cost sharing
requirement.
Guidelines:
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Know
what Dept
ID is going
to be used
to cover the
cost share
expenses. It is recommended that PI's review cost sharing arrangements with their SPA Accountant to avoid confusion when it comes time to complete financial reports.
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Plan
ahead to know
how the cost
share will
be fulfilled
and to ensure
that the agreement
will be met
by the end
of the grant. |
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An
item that
is reported
as part of
one grant's
cost share
contract may
not be reported
as part of
another cost
share agreement.
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Why this is Important:
- Sponsored
Programs Accounting
will need to
know how much
cost share has
been accomplished
in order to
report back
to the government.
Based on the
specific reporting
requirements
this information
may be needed
quarterly, semi-annually,
annually or
once for a final
report.
Cost Sharing
is included as
part of the OMB
A110 Circular
- Administrative
Requirements:
http://www.whitehouse.gov/omb/circulars/a110/a110.html#23
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