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CU Internal Budget Form for Sponsored Projects (cost sharing should be submitted on a separate form) Exclude from Indirect Base? CU Budget Category Dept. Or Year Dept. or Year Dept. or Year Dept.
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To fill out cost sharing, follow these steps:
02
Gather all the necessary financial information related to the cost sharing arrangement.
03
Identify the parties involved in the cost sharing agreement.
04
Determine the percentage or amount each party is responsible for.
05
Clearly outline the terms and conditions of the cost sharing agreement.
06
Document the agreement in writing, ensuring it is signed by all parties involved.
07
Keep copies of the agreement for future reference and record keeping.

Who needs cost sharing should be?

01
Cost sharing should be considered by organizations or individuals who are collaborating or sharing the costs of a project, initiative, or activity.
02
It is commonly used in research and development projects, joint ventures, partnerships, and government-funded initiatives.
03
Cost sharing helps distribute financial responsibilities and ensures equity among the parties involved.
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Cost sharing should be the portion of project costs not covered by the sponsor and must be provided by the university.
Principal Investigators and project managers are typically responsible for documenting and reporting cost sharing.
Cost sharing should be filled out on the appropriate forms provided by the funding agency and should include detailed information about the source and amount of cost sharing.
The purpose of cost sharing is to demonstrate the commitment of the institution to the project and to ensure that all project costs are adequately covered.
Information such as the amount of cost sharing, the source of the cost sharing funds, and the reason for the cost sharing must be reported on cost sharing forms.
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