1 / 11

Cost Sharing on Sponsored Projects

Cost Sharing on Sponsored Projects. Dick Seligman Tracey Fraser. Overview. Policy Procedures Examples. What’s the Policy?. Committed cost sharing on a sponsored project is a binding obligation that must be satisfied in accordance with the sponsor’s requirements

zahi
Download Presentation

Cost Sharing on Sponsored Projects

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Cost Sharing on Sponsored Projects Dick Seligman Tracey Fraser

  2. Overview • Policy • Procedures • Examples

  3. What’s the Policy? • Committed cost sharing on a sponsored project is a binding obligation that must be satisfied in accordance with the sponsor’s requirements • Offer cost sharing only when required by the sponsor http://atc.caltech.edu/Finance/pa_policies.htm

  4. Types of Cost Sharing • Committed • Must be tracked, documented, and in some cases, reported • Uncommitted • Does not have to be tracked or recorded

  5. Sources of Cost Sharing • Cash • the commitment of unrestricted Institute funds made available in support of a project e.g. faculty effort (include associated fringe benefits and indirect costs) • Third Party Contributions • E.g. donation of equipment from manufacturer and funding commitments from sub-recipient institutions (include indirect costs that would have been applicable if the item were charged directly to a grant or co-operative agreement)

  6. Federal Requirements • Do not use federal funds • Use only once • Costs must be verifiable, necessary, allowable and reasonable for the award on which they are being claimed

  7. Committed Cost Sharing Worksheet • Prepared by OSR • Distributed electronically • PI review, verification and certification

  8. What is the Procedure? • Proposal stage • Divisional Approval Form (DAF) • Award and initiation stage • Award summary • Committed Cost Sharing Report Worksheet • Post Award stage • Monitoring • Sponsor reporting • F&A rate

  9. Roles & Responsibilities • PI • Division • Office of Sponsored Research • Project Accounting • Cost Studies

  10. Examples • Equipment cost-sharing • Faculty effort

  11. Questions?

More Related