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VICEPRESIDENTFORRESEARCH Revised4/29/2015 VoluntaryCommittedCostSharingRequest Wheninitsbestinterest, TexasA&MUniversitymaycommittobearsomeshareofthecostofasponsoredresearch project, whichisknownascostsharing.
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How to fill out voluntary committed cost sharing
How to fill out voluntary committed cost sharing:
01
Determine the total amount of cost sharing required for the project. This can be found in the funding proposal or grant agreement.
02
Identify the specific costs that can be contributed as voluntary committed cost sharing. These can include personnel salaries, equipment, supplies, or other allowable expenses.
03
Calculate the value of each cost element for the voluntary committed cost sharing. This can be done based on the actual or estimated costs.
04
Create a budget sheet or table to document the voluntary committed cost sharing. Include the cost elements, their values, and any supporting documentation.
05
Ensure that the voluntary committed cost sharing is consistent with the guidelines and regulations provided by the funding agency.
06
Seek approval from the appropriate personnel or authority within your organization to confirm the commitment and availability of the cost sharing resources.
07
Document the voluntary committed cost sharing in the project's financial plan or budget. Clearly indicate the source and amount of the cost sharing.
08
Keep accurate records and receipts of the expenditures related to the voluntary committed cost sharing throughout the project duration.
09
Regularly monitor and track the utilization of the voluntary committed cost sharing to ensure compliance with the funding agency's requirements.
10
Report on the voluntary committed cost sharing as required by the funding agency during the project's progress reports or final reports.
Who needs voluntary committed cost sharing?
01
Researchers or institutions applying for grants or funding from agencies that require or encourage cost sharing.
02
Organizations looking to demonstrate additional commitment and dedication to a project or program.
03
Partners or collaborators involved in a joint project who are expected to contribute to the shared costs.
04
Those seeking to leverage resources and increase the competitiveness of their grant proposals by offering additional resources for the project.
05
Funders who may require or encourage cost sharing as a way to ensure project sustainability and commitment.
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What is voluntary committed cost sharing?
Voluntary committed cost sharing refers to costs that are contributed by the grant recipient or third parties without being required by the funding agency.
Who is required to file voluntary committed cost sharing?
Grant recipients may be required to file voluntary committed cost sharing if it was included as a condition in the grant agreement.
How to fill out voluntary committed cost sharing?
To fill out voluntary committed cost sharing, grant recipients need to accurately document and report any costs that are being contributed voluntarily.
What is the purpose of voluntary committed cost sharing?
The purpose of voluntary committed cost sharing is to show a commitment to the project and to leverage additional resources for its successful completion.
What information must be reported on voluntary committed cost sharing?
Grant recipients must report the type of cost sharing, the amount contributed, and any supporting documentation for verification purposes.
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