Expenses incurred to meet cost sharing commitments require the same accounting, financial, legal, and regulatory burdens as costs on UA Little Rock sponsored programs and must fall within the period of performance. Cost-shared expenses must be in compliance with the following:
- University sponsored programs expenditure policies
- Any additional terms specified by the sponsor
- U.S. Federal agency guidelines or non-federal program guidelines, as appropriate
- OMB Uniform Guidance, especially Section 200.306, which requires that cost sharing funds are a) verifiable from the university’s records, b) not included as contributions for any other federal award, c) necessary and reasonable for the accomplishment of the project or program objectives, d) allowable under Subpart E Cost Principles, e) not paid from another federal award, and f) included in the approved budget if required by the federal awarding agency.
