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Cost Sharing on Sponsored Projects

DESCRIPTION

This presentation outlines the critical aspects of cost sharing on sponsored projects, including commitment classifications such as Mandatory, Voluntary Committed, and Voluntary Uncommitted. It covers types of costs, including Direct Costs, F&A Costs, and Third Party In-Kind contributions. Moreover, it highlights regulatory requirements, proposal commitments, and the responsibilities of Principal Investigators in tracking and reporting costs. Important documents required for administration such as the Budget Sheet and Cost Share Form are specified. Finally, session feedback will help improve future practices in managing sponsored programs.

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Cost Sharing on Sponsored Projects

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Presentation Transcript

  1. Cost Sharing on Sponsored Projects Sponsored Programs Office Innovation and Industry Engagement Sponsored Programs Accounting November 30, 2011

  2. Presentation Overview • Define • Commitment • Management • Sample • Wrap-up

  3. Commitment

  4. Classifications • Mandatory (M) • Voluntary Committed (VC) • Voluntary Uncommitted (VUC)

  5. Types • Direct Costs • Facilities and Administrative Costs (F&A) • External Third Party (In-kind)

  6. Cost Share Practice

  7. Regulatory Requirements

  8. Proposal Commitments Award Requirements

  9. Accepting Awards • Tracking/Reporting • Confirmation • PI Responsibility

  10. Management

  11. Direct Dollar (M & VC)

  12. Third Party In-Kind (M & VC)

  13. Document Document Document!

  14. Documents Needed • Transmittal • Budget • Cost Share Form • Letters of support

  15. across documents

  16. BUDGET SHEET COST SHARE FORM

  17. BUDGET SHEET COST SHARE FORM

  18. BUDGET SHEET TRANSMITTAL SHEET COST SHARE FORM

  19. Give Us Your Feedback

  20. Session Wrap-up • Disclosure = Mandatory • Complete Forms • Verify Costs • Monitor Account • Communicate

  21. Sponsored Programs Office487-2226 Lisa Jukkala, lajukkal@mtu.edu Manager Government Contracts/Training Kim Codere, kmcodere@mtu.edu Senior Grants Analyst

  22. Sponsored Programs Accounting487-2244 Tammy LaBissoniere, tklabiss@mtu.edu Associate Director

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