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Sponsored Programs Costing: Difference between revisions
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== Definitions == | == Definitions == | ||
Uniform Guidance [https://www.ecfr.gov/cgi-bin/text-idx?SID=4f64d0f8f4a60493ef6b04a1737480ff&mc=true&node=se2.1.200_1403&rgn=div8 §200.403] provides the following general criteria for costs to be allowable on a federal award:<br /> | Uniform Guidance [https://www.ecfr.gov/cgi-bin/text-idx?SID=4f64d0f8f4a60493ef6b04a1737480ff&mc=true&node=se2.1.200_1403&rgn=div8 §200.403] provides the following general criteria for costs to be allowable on a federal award:<br /> | ||
a) Be necessary, reasonable, and allocable<br /> | a) Be necessary, reasonable, and allocable<br /> | ||
b) Conform to applicable cost principles<br /> | b) Conform to applicable cost principles<br /> | ||
c) Be consistent with policies and procedures that apply uniformly to both federal and non-federal awards<br /> | c) Be consistent with policies and procedures that apply uniformly to both federal and non-federal awards<br /> | ||
d) Be accorded consistent treatment<br /> | d) Be accorded consistent treatment<br /> | ||
e) Be determined in accordance with generally accepted accounting principles (GAAP)<br /> | e) Be determined in accordance with generally accepted accounting principles (GAAP)<br /> | ||
f) Not be included on another award, as either a cost or to meet a cost-share requirements<br /> | f) Not be included on another award, as either a cost or to meet a cost-share requirements<br /> | ||
g) Adequately documented<br /> | g) Adequately documented<br /> | ||
Uniform Guidance [https://www.ecfr.gov/cgi-bin/text-idx?SID=0d3801e083204d6d1c56e6b465e95e09&mc=true&node=pt2.1.200&rgn=div5#se2.1.200_1413 §200.413] provides the following general criteria for costs to be allowable on a federal award:<br /> states that direct costs should be able to be identified specifically for a particular project relatively easily with a high degree of accuracy. | Uniform Guidance [https://www.ecfr.gov/cgi-bin/text-idx?SID=0d3801e083204d6d1c56e6b465e95e09&mc=true&node=pt2.1.200&rgn=div5#se2.1.200_1413 §200.413] provides the following general criteria for costs to be allowable on a federal award:<br /> states that direct costs should be able to be identified specifically for a particular project relatively easily with a high degree of accuracy. | ||
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*Depreciation on buildings, equipment, and capital improvement; interest on debt associated with certain buildings, equipment, and capital improvements; and operations and maintenance expenses | *Depreciation on buildings, equipment, and capital improvement; interest on debt associated with certain buildings, equipment, and capital improvements; and operations and maintenance expenses | ||
*General administration and general expenses such as the director's office, accounting, and personnel and all other types of expenditures not listed specifically under the Facilities category | *General administration and general expenses such as the director's office, accounting, and personnel and all other types of expenditures not listed specifically under the Facilities category | ||
Unallowable costs are defined as expenses that are not reimbursable under the terms and conditions of a sponsored agreement and cost principles for allowability stated above. When a conflict arises between the sponsored agreement, cost principles and specific federal guidance, the agreement prevails. Federal projects must meet requirements listed specifically identified as unallowable in Uniform Guidance | Unallowable costs are defined as expenses that are not reimbursable under the terms and conditions of a sponsored agreement and cost principles for allowability stated above. When a conflict arises between the sponsored agreement, cost principles and specific federal guidance, the agreement prevails. Federal projects must meet requirements listed specifically identified as unallowable in Uniform Guidance 2 CFR 200. | ||
==Policy == | ==Policy == | ||
The Principal Investigator is responsible for managing his/her project in compliance with the terms and conditions of the award.<br /> | The Principal Investigator is responsible for managing his/her project in compliance with the terms and conditions of the award.<br /> | ||
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*[https://www.unmc.edu/spa/grants/resources/idc-policy.html Sponsored Programs Administration F&A Rates Policy] | *[https://www.unmc.edu/spa/grants/resources/idc-policy.html Sponsored Programs Administration F&A Rates Policy] | ||
*[http://www.unmc.edu/spa/_documents/fawaiver.doc F&A Cost Waiver Request Form] | *[http://www.unmc.edu/spa/_documents/fawaiver.doc F&A Cost Waiver Request Form] | ||
*(“Uniform Guidance”) [https://www.ecfr.gov/cgi-bin/text-idx?SID=0d3801e083204d6d1c56e6b465e95e09&mc=true&node=pt2.1.200&rgn=div5#se2.1.200_1413 2 CFR 200] | |||
* [https://www.ecfr.gov/cgi-bin/text-idx?SID=f58b601f76edc779c355c76d49c39526&mc=true&node=pt2.1.200&rgn=div5#ap2.1.200_1521.iii Appendix III], Uniform Guidance “Indirect [F&A] Costs Identification and Assignment, and Rate Determination for Institutions of Higher Education [IHEs]” | |||
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This page maintained by [mailto:dpanowic@unmc.edu dkp]. | This page maintained by [mailto:dpanowic@unmc.edu dkp]. | ||