Do costs claimed as cost sharing have to meet the same cost principles as costs reimbursed by the sponsor?
Question
Do costs claimed as cost sharing have to meet the same cost principles as costs reimbursed by the sponsor? |
Answer
Yes, costs used to satisfy Cost Sharing commitments are subject to the same policies as the costs directly reimbursed by the sponsor unless the sponsor specifically permits an exception. To be claimed as Cost Sharing, the costs must be allowable under university and sponsor policies, must be allocable to the project, and should be reasonable and necessary for the performance of the project.