Policy No: RESEARCH 4.3
Type of Policy: Administrative
Effective Date: April 2013
Last Revised: July 2014
Policy Owner: OSP
Policy Contact: Duane Hutchison, Executive Director, firstname.lastname@example.org
1. Policy Statement
Cost share (Matching) funds are those funds contractually obligated by the Institute to meet the financial requirements specified in a sponsored award. These expenses represent the Institute’s contribution to an externally funded sponsored project. When a cost share obligation is identified in the sponsored agreement, it must be accounted for in the records of the Institute and reported to the sponsor. Cost share expenses should generally be incurred at the same rate as the sponsor’s portion of award expenses.
This policy applies to all Georgia Tech Faculty and Staff.
|3.1 General Procedures|
|From OMB Circular A-110, Section 23 (2 CFR 235), "Uniform Administrative Requirements for Grants and Agreements with Institutions of Higher Education, Hospitals, and Other Non-Profit Organizations":||
"All contributions, including cash and third party in-kind, shall be accepted as part of the recipient's cost sharing or matching when such contributions meet all of the following criteria.”
** If any expense cannot meet the above criteria, it is not eligible to be recorded and reported as cost share. **
4. Related Information
|Grants & Contracts Cost Share Info||http://policies.gatech.edu/business-finance/cost-share-expenses|
5. Policy History