Description

This workshop provides an in-depth, detailed review of the issues surrounding cost sharing on sponsored projects, primarily grants funded by federal agencies. The workshop presents the definitions of cost sharing, including: voluntary; mandatory; voluntary committed; and voluntary uncommitted. The Office of Management & Budget (OMB) clarification of the cost sharing requirements of Circular A-21 also will be examined. The workshop includes a review of the types of costs that qualify for cost sharing and the requirements for documenting and reporting cost sharing. The relationship between cost sharing, effort reporting, and indirect cost rates will be analyzed and discussed. Recent audits conducted by the National Science Foundation (NSF) Inspector General will be reviewed. The workshop includes case studies concerning various aspects of cost sharing.

Learning Objectives

• Participants will understand what constitutes cost sharing;
• Participants will acquire an understanding of the applicable federal policies, including expectations for reporting and record keeping;
• Participants will learn how cost sharing impacts Facilities & Administrative (F&A) rates.

Pre-Requisites

Pre-award and/or post-award intermediate level personnel or those re-examining cost sharing policies and practices at their institution

Program Level:

Intermediate