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Sponsored Programs Costing: Difference between revisions
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*Reasonable - It must be necessary for the performance of the program | *Reasonable - It must be necessary for the performance of the program | ||
*Allocable - It must be easily identifiable with the project and be assigned to the project only in accordance with the benefits received by the program | *Allocable - It must be easily identifiable with the project and be assigned to the project only in accordance with the benefits received by the program | ||
*Allowable - Costs that are reasonable; allocable to sponsored agreements under the principles and methods outlined in | *Allowable - Costs that are reasonable; allocable to sponsored agreements under the principles and methods outlined in OMB Circular A-21; given consistent treatment thorough application of those generally accepted accounting principles appropriate to the circumstances; conform to any limitations or exclusions set forth in OMB Circular A-21 or in the sponsored agreement as to types or amounts of cost items. | ||
Consistently Applied - The cost must be treated consistently as either a direct cost or a facilities & administrative (F&A) cost when incurred under like circumstances. | Consistently Applied - The cost must be treated consistently as either a direct cost or a facilities & administrative (F&A) cost when incurred under like circumstances. | ||
==Policy == | ==Policy == | ||
It is the policy of the University of Nebraska Medical Center (UNMC) to comply with Section D of OMB Circular A-21 in its definition and treatment of direct costs. It is UNMC's policy to treat the following costs as direct costs in the administration of its extramural programs: | It is the policy of the University of Nebraska Medical Center (UNMC) to comply with Section D of OMB Circular A-21 in its definition and treatment of direct costs. It is UNMC's policy to treat the following costs as direct costs in the administration of its extramural programs: | ||