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l. Cost Sharing

Some agencies require that grantee institutions commit to share in the overall costs of a sponsored program.  The University's share of the project must be shown in the proposal budget and then documented as the program proceeds.  There are several ways that agencies deal with cost sharing.  The most common is for the agency to specify what percentage of the program must be paid for by the grantee. This amount can range from as little as 1% to as much as 50%.

The most common and easiest method of cost sharing from the University's standpoint is the purchase of equipment and faculty release time.  These methods allow for maximum accountability with relatively simple tracking procedures.

It is the responsibility of the Principal Investigator to insure that cost sharing funds are properly spent and accounted for.  However, advance approval from the Dean or Department Chair is required before cost sharing funds can be either committed or expended.