UVA Procedure for Managing Cost Sharing Cost Sharing

UVA Procedure for Managing Cost Sharing

Cost Sharing at Proposal Stage: v. PI and Department prepares proposal based on Sponsor solicitation. v Mandatory – required by Sponsor and must be tracked in companion account. v Voluntary Committed – not required by Sponsor but quantified in the proposal now cost is a binding commitment and must be tracked in a companion account. v Voluntary Uncommitted – not required by Sponsor or quantified in the proposal but institution support research cost – not required to track. v. Department confirms funding for proposed cost share and provides PTAO information upon proposal submission. v. Proposal is reviewed and with proposed cost share before submitting to Sponsor.

Cost Sharing From UVA PTAO Office of Sponsored Programs Award Stage: v. Grants and Contracts receives Sponsor award notice and creates G&C PTAO. When cost share is required, companion account must be created to track expenditures in the financial system v. Cost Share action is logged in Research. UVA to Post Award, with a request to set-up companion account v. Post Award contacts Department to verify and/or obtain PTAO(s) funding the cost share commitment & creates Companion Account Worksheet v Companion account(s) are generally linked to G&C project with the exception of State E&G funds (SG Awards) - separate project must be created for financial reporting requirements to the State v. Central Offices (Financial Planning and Administration, Financial Reporting), Department Award Manager (funding source owner) and Fiscal Contact are notified when the CS award is setup by Post Award; a copy of the companion account worksheet is distributed to all stakeholders v. Central Office receives the CS setup approval request through Oracle workflow, confirms the fund source/s with the Award Manager/s and requests for following action: Ø reduce the funding from the funding source PTAO(s) that is supporting the cost sharing and approve workflow action in Oracle v. Post Award creates the Research. UVA Notice of Award for the CS award for distribution to PI & department

Third Party In-Kind Cost Sharing Office of Sponsored Programs Third party in-kind cost sharing requires PI’s certification of acceptable cost shared expenses that are not from UVA’s financial system Sources for third party in-kind contributions subrecipient cost sharing: subrecipient’s invoices and/or expenditure reports should include cost sharing ◦ department research administrator or fiscal contact to review sub’s cost sharing and advice PI to certify or reject an invoice ◦ deviations in subrecipient’s cost share commitment will need UVA and sponsor approval via SP 30/e. SPAR action ◦ subawards that are being monitored through sub Projects, the PI/department will ensure subrecipient’s cost sharing amounts are accurate before approving payment donation of consulting services: certification of time spent, quantifying the billable hours and amount cost shared donation of supplies, equipment, OTPS: certification from the donor, itemizing quantities and associated amounts at the fair market value Unrecovered indirect costs on cost shared expenses: to be included as cost sharing requires prior approval from sponsor Unrecovered indirect costs on sponsored expenses: requires VPR’s approval for waiving direct charging of indirect costs and sponsor approval for using unrecovered (waived) indirect costs for cost sharing

Cost Sharing Companion Account Structure 5

Funding and Expending CS Companion Accounts Cost sharing companion awards are funded from institutional funding source/s identified by the department CS award is linked to the Revenue Project of the Institutional non-G Award (e. g. , ER 12345. 155960) Cost sharing companion awards expend through sponsored award expenditure project CS award is linked to the Expenditure Project of the sponsored award (e. g. , GB 12345. 159160) 6

Department’s Role in Managing Cost Share Companion Accounts Department/Administrator: v. Review and monitor cost sharing budget v. Schedule labor on the CS PTAO v. Create POs or spend directly on OTPS purchases from the CS PTAO v. Review & approve both sponsored and CS awards during monthly recon@ v. For in-kind contributions, obtain PI’s certification either using a cost share certificate or on subaward invoices v. Ensure supporting documentation (such as timesheet, consultant rate, list of supplies or OTPS or equipment with market value, etc. ) is provided to OSP Post Award with the cost share certificates

Mock BBA for Cost Share PTAO PROJECT: 159160 Project from: 01 -JAN-2019 to 31 -DEC-2023 AWARD: CS 000 XX Award Name: Expect Miracles NIH AGENCY AWARD#: R 01 B 12345 Award from: 01 -JUL-2019 to: 31 -DEC-2019 Expenditure Category Total ITD Budget Period Budget Activity FY Costs Project TD Costs Commitment Project TD Budget Balance OSP Only, Personnel 0. 00 456. 00 0. 00 (456. 00) OSP Only, OTPS 0. 00 50, 000 129, 026. 97 0. 00 (129, 026. 97) Indirect Cost 0. 00 Total 0. 00 104, 622. 90 227, 154. 54 0. 00 (227, 154. 54) 8