Who is responsible for keeping track of the costs incurred with either cost sharing or matching funds?
Like the expenses incurred on any sponsored project, the recipient department is responsible for overseeing the expenditure of all cost sharing and/or matching funds. Accordingly, the recipient department must insure that all expenditures of cost sharing and matching funds meet the allowability requirements of the sponsor providing the primary award. Recipient departments must account separately for the expenditure of these funds and be prepared to certify to the primary sponsor that such expenditures have been made toward total project costs.
Related Questions
- What are matching funds or cost sharing? Where can I find out information and help with meeting a matching fund requirement for my budget?
- Who is responsible for keeping track of the costs incurred with either cost sharing or matching funds?
- Does Southeast have matching funds available for grant cost sharing?
