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UNIVERSITY OF MIAMI SPONSORED PROGRAMS COST SHARING/MATCHING FUNDS STATEMENT (Attach this form to proposals containing cost sharing dollars) Revised November 2002 From Department To: Applicable office

How to fill out cost sharingmatching funds statement

How to fill out a cost sharing/matching funds statement:

1. Gather all relevant financial documentation regarding any cost sharing or matching funds. This may include invoices, receipts, bank statements, or any other proof of funds that were used for cost sharing purposes.
2. Review the funding agreement or grant contract to understand the requirements for the cost sharing/matching funds statement. Pay attention to specific instructions or templates provided by the funding agency.
3. Begin by providing the necessary identification details, such as your name, organization, project title, and grant or funding reference numbers. This information helps to ensure accuracy and clarity in the statement.
4. Clearly state the cost sharing or matching funds amount that you are reporting. If there are multiple sources or types of cost sharing, make sure to provide a breakdown of each contribution.
5. Include a detailed description of each cost sharing or matching funds item. This may involve explaining the purpose, nature, and relevance of each expense or contribution.
6. List the date when each cost sharing or matching funds item was incurred or provided. Accuracy in reporting the timeline is crucial for compliance purposes.
7. Attach supporting documentation for each cost sharing or matching funds item, if required. This might involve providing copies of receipts, invoices, or any other evidence of the funds being used or contributed.
8. Calculate the total amount of cost sharing or matching funds being reported. Double-check the calculations to ensure accuracy.
9. Sign and date the cost sharing/matching funds statement to certify its accuracy and completeness.
10. Submit the completed statement according to the specified method and deadline indicated by the funding agency.

Who needs a cost sharing/matching funds statement:

1. Researchers or project managers who have received grants or funding that require cost sharing or matching funds as a condition of support.
2. Non-profit organizations or institutions that have entered into agreements or contracts that necessitate cost sharing or matching funds.
3. Applicants or recipients of certain federal or state government grants that have specific cost sharing or matching requirements.
4. Individuals or entities trying to demonstrate their financial commitment or investment in a particular project or program, often as a means to secure additional funding or meet grant obligations.
5. Organizations seeking to maintain transparency and accountability by accurately reporting the utilization of cost sharing or matching funds.

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What is cost sharing/matching funds statement?

Cost sharing/matching funds statement is a document that outlines the total cost of a project or program and how much of that cost will be covered by various sources, such as grant funds and matching funds from other organizations or entities.

Who is required to file cost sharing/matching funds statement?

Entities or individuals who have received funding for a project or program that requires cost sharing or matching funds are required to file a cost sharing/matching funds statement.

How to fill out cost sharing/matching funds statement?

Cost sharing/matching funds statement can be filled out by detailing the total costs of the project, the sources of funding, and the amount of matching funds provided by each source.

What is the purpose of cost sharing/matching funds statement?

The purpose of cost sharing/matching funds statement is to document the financial contributions made by various sources towards a project or program, ensuring transparency and accountability in the use of funds.

What information must be reported on cost sharing/matching funds statement?

Information such as total project costs, funding sources, amount of matching funds, and any other relevant financial details must be reported on a cost sharing/matching funds statement.