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 [http://www.whitehouse.gov/omb/circulars_a021_2004/ 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.
*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: