Get the free COST SHARING AUTHORIZATION FORM - uiowa

This form is required for awarded projects to submit the detailed cost sharing budget necessary for grant account initiation by the Grant Accounting Office.

How to fill out cost sharing authorization form

How to fill out COST SHARING AUTHORIZATION FORM

1. Obtain the COST SHARING AUTHORIZATION FORM from the relevant department or online.
2. Fill in the project title in the designated field.
3. Include the principal investigator's name and contact information.
4. Specify the funding source and the amount to be shared.
5. Provide a brief description of the project and its objectives.
6. List the expenses that will be covered by the cost-sharing.
7. Obtain necessary signatures from department heads or financial officers.
8. Submit the completed form to the appropriate administrative office.

Who needs COST SHARING AUTHORIZATION FORM?

1. Researchers or faculty members planning to collaborate on projects that require shared funding.
2. Departments or institutions that need to document cost-sharing arrangements for grant proposals.
3. Institutions applying for federal or state funding that necessitate a cost-sharing agreement.

People Also Ask about

What is cost share on my paycheck?

Cost Share, also known as “non-Federal share,” or “match,” is the portion of the costs of a federally assisted project or program not borne by the Federal Government.

What is an example of a cost share?

Examples. A faculty member proposes to spend 30 % of her total time worked for UC Davis as effort on a project sponsored by NSF. She plans to charge 10 % of her salary to the project. The remaining 20% of her effort is cost share because she is committing the effort, but is not charging the entire 30% to the sponsor.

What is a cost sharing requirement?

Matching or cost sharing means that a portion of the project's cost is not paid by federal funds. Matching funds are typically stated as a percentage of the total amount of funds awarded. Matching requirements can vary across the different Department of Justice programs.

What is cost sharing for a grant?

Cost sharing or matching is that portion of the project or program costs that are not paid by the funding agency.

What is a cost share letter?

Institutional cost share letters are intended to show institutional approval of the cost share commitments listed in the budget and budget justification. Specific dollars amounts are included and are considered auditable cost share. Examples of cost share are: State funded salaries/fringe benefits.

What does your cost share mean?

As a contracting agency, cost-sharing allows employees to share a portion of the employer costs through a written agreement with an employee group. Your employer contribution rate will be reduced by the agreed upon percentage of cost-sharing.

What are the three types of cost sharing?

“Matching” is another commonly used term. There are primarily three types of cost sharing that may occur on sponsored projects: mandatory cost sharing, voluntary committed cost sharing and voluntary uncommitted cost sharing. Let's look into each of these.

For pdfFiller’s FAQs

What is COST SHARING AUTHORIZATION FORM?

The Cost Sharing Authorization Form is a document used by organizations to formally request and authorize the allocation of resources to cover costs that are jointly shared with other entities, often as part of funding proposals or collaborative projects.

Who is required to file COST SHARING AUTHORIZATION FORM?

Typically, individuals or departments seeking to share costs on a project funded by external grants or collaborations are required to file the Cost Sharing Authorization Form.

How to fill out COST SHARING AUTHORIZATION FORM?

To fill out the Cost Sharing Authorization Form, one must provide details such as project title, funding source, cost-sharing amount, and signatures from relevant authorities approving the cost-sharing arrangement.

What is the purpose of COST SHARING AUTHORIZATION FORM?

The purpose of the Cost Sharing Authorization Form is to ensure transparency and accountability in funding arrangements, clearly delineate responsibilities for shared costs, and secure necessary approvals for financial commitments.

What information must be reported on COST SHARING AUTHORIZATION FORM?

The information that must be reported on the Cost Sharing Authorization Form includes the project name, the total cost-sharing amount, the source of funds, a description of the cost-sharing activities, and the signatures of individuals authorized to approve the costs.