Get the free Cost Share Approval Form - umassd

This form is intended for the approval of cost sharing for projects managed by the University of Massachusetts Dartmouth's Office of Research Administration.

How to fill out cost share approval form

How to fill out Cost Share Approval Form

1. Start by downloading the Cost Share Approval Form from the official website.
2. Fill out the general information section, including your name, department, and project title.
3. Specify the funding source for the cost share, detailing the percentages and amounts involved.
4. Provide a clear description of the cost share components, including their purpose and relevance to the project.
5. Attach any necessary supporting documents, such as budget breakdowns or letters of commitment.
6. Review the entire form for accuracy and completeness before submission.
7. Sign the form and obtain any required signatures from supervisors or department heads.
8. Submit the completed form to the designated approval authority.

Who needs Cost Share Approval Form?

1. Researchers and faculty members seeking funding for their projects that require cost sharing.
2. Department administrators who need to track and manage funding sources.
3. Grant applicants who must demonstrate matching funds or support for their proposals.

People Also Ask about

What does cost sharing include?

Cost sharing refers to the way your cost of covered care is split between you and your insurance company. This can include copays, your deductible, and/or coinsurance, with many plans including some combination of all three.

What are the requirements for cost share?

To meet cost-sharing requirements, the non-Federal contributions must be reasonable, allowable, allocable, and necessary under the grant program and must comply with all Federal requirements and regulations.

What are the four parts of cost share?

Expenditures used for Cost Share contributions must meet the four cost principles of Allowable, Allocable, Reasonable and Consistently Treated. This means: Cost Share Contributions must be incurred within the benefiting budget period; and.

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 are the requirements for cost sharing?

To meet cost-sharing requirements, the non-Federal contributions must be reasonable, allowable, allocable, and necessary under the grant program and must comply with all Federal requirements and regulations.

What is mandatory cost sharing?

Involuntary committed (mandatory) cost sharing occurs when the sponsored program requires financial support for the project from the awarded institution as a condition of the award. This can be in many forms such as a matching contribution or a percentage of certain costs.

Is cost sharing allowed on NIH grants?

NIH only allows Cost Share on Awards where it is stated in the Program Announcement that Cost Share is required (very rare), or will be a factor in selecting the Award recipients. So unless the Program Announcement states that Cost Share is a factor, Cost Share should not be included in any NIH Award.

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 Share Approval Form?

The Cost Share Approval Form is a document used to request approval for the cost sharing contribution in a project, typically required by funding agencies or organizations.

Who is required to file Cost Share Approval Form?

Typically, principal investigators, project managers, or financial officers involved in sponsored projects that require matching funds are required to file the Cost Share Approval Form.

How to fill out Cost Share Approval Form?

To fill out the Cost Share Approval Form, you need to provide details such as project title, cost share amount, funding source, and justification for the cost sharing. Ensure to follow any specific instructions provided by your institution or funding agency.

What is the purpose of Cost Share Approval Form?

The purpose of the Cost Share Approval Form is to document and obtain approval for the cost sharing obligations, ensuring compliance with funding requirements and financial accountability.

What information must be reported on Cost Share Approval Form?

The information that must be reported includes project title, cost share amount, description of the cost sharing contributions, source of funds, and signatures of authorized personnel.