Match cost sharing
This presentation is the property of its rightful owner.
Sponsored Links
1 / 6

Match/Cost Sharing PowerPoint PPT Presentation


  • 47 Views
  • Uploaded on
  • Presentation posted in: General

Match/Cost Sharing. G Maggie Griscavage Retired Director OGCA, University of Alaska Fairbanks. Simple Definitions. Match vs. cost-share – simple definitions (but not all institutions embrace this ) Match is non-agency funding that has to be expended by the end of the award

Download Presentation

Match/Cost Sharing

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Match cost sharing

Match/Cost Sharing

G Maggie Griscavage

Retired Director

OGCA, University of Alaska Fairbanks


Simple definitions

Simple Definitions

Match vs. cost-share – simple definitions (but not all institutions embrace this)

  • Match is non-agency funding that has to be expended by the end of the award

  • Cost-share is non-agency funding that is spent at the same time as the federal award


Sources

Sources

  • State funds (not federal pass-through!)

  • Private funds

  • University funds

  • Donations (a.k.a. Foundation funds)

  • In-kind use of equipment or property (must have commercial equality)

    Source of match/cost share has to be unique – you cannot re-use these dollars again!


Documentation

Documentation

For third-party match, at least every three months because those who signed off on the promissory note may not be available after the length of the whole award. For internal non-federal funds, check these as frequently as you do your federal project award expenditures to make sure you are actually utilizing them, and you are using them as you said you would. Your expenditure record will be your documentation.


Identification

Identification

  • Format of third-party match – get it on letterhead and must be signed by an officer of that organization. Have them quantify the match/cost-share in the same increments that are reflected in the original promissory letter.

  • For your internal, institutional match you will need the same kind of unique fund identifiers as you use for your federal funds. This ensures you never use those dollars twice!


Closeout

Closeout

  • You are as equally responsible for reporting on the match/cost-share as you are your federal award. If you’ve done your due diligence during the lifetime of the award and obtained the third-party match at the appropriate time(s) and kept them in the portfolio, then end-of-award reporting won’t be difficult. When your AOR certifies the federal funds expended via the FFR, they will also be certifying the match.


  • Login