Cost Sharing

The Cost Sharing section displays information about the cost share (non-sponsor contributions to a project) types, accounts, amounts, and totals associated with the award. Cost share is that portion of total project costs that are paid from sources other than the sponsor.

The section details information on:

• Percentage designated numerical value for this row to be attributed to cost sharing expense

• Type – the variety of cost sharing (List is customizable in Maintenance > Shared > Cost Sharing Type)

• Project Period – The year or fiscal year associated with each cost share row.

• Source and Destination - Expense destination and revenue source to cover each amount

• Commitment Amount – Dollar amount associated with each type of cost share

• Cost Share Met  can be used to track the actual amount of C/S expended. (Use with Verification Date)

• Verification Date can be used to record the date that the cost sharing expense was verified. (Use with Cost Share Met)

• Total (bottom row)– Total of all cost share commitments

• Comments – Details about the commitments

Figure 1327 Award Document, Commitments Page – Cost Sharing Section Example

Table 541 Award Document, Commitments Page – Cost Sharing Section Column Descriptions

Column

Description

Percentage

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Your institution determines how you use this field. Some examples of commonly used percentages are percentage of total costs, percentage of a line item, and percentage of total cost sharing.

Enter the Percentage into the box.

Type

Required. Your institution creates the Types for cost sharing. The cost sharing Type might indicate if this is voluntary cost sharing, if the program requires this, or if this is some other type of cost sharing. Click the dropdown list to select the cost sharing Type.

Project Period

Required.

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Your institution’s project process determines how you define the period. For example, you may use the current fiscal year, the award year, or the calendar year.

The year for which this cost sharing amount is committed. Enter the Year in YYYY format into the box.

Source

The provider of the funding item, often an institutional account number or unit name. Enter the Source into the box.

Destination

The institutional account number which will be charged for these cost sharing expenditures.

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The Destination must be different from the Source.

Enter the Destination into the box.

Commitment Amount

Required. The cost share amount committed for this item.

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KC displays the total of all Commitment Amounts on this section in the Total row in the Commitment Amount column.

Enter the Commitment Amount for this cost share into the box.

Cost Share Met

The actual cost share amount already expended against the commitment amount.

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KC displays the total of all Cost Share Met amounts on this section in the Total row in the Cost Share Met column.

Enter the amount of the Cost Share Met into the box.

Verification Date

The confirmation date for the cost share met amount. Enter the Verification Date in MM/DD/YYYY format or select the Verification Date by clicking the date selection tool icon .