Period of Performance
Where a funding period is specified, a grantee may charge to the award only costs resulting from obligations of the funding/budget period unless carryover of unobligated balances are permitted, in which case the carryover balances may be charged for costs resulting from obligations of the subsequent funding period.
The University of Texas at Dallas follows the following guideline, Period of Performance, which outlines the timeframe during which an entity may incur costs to carry out the work authorized under the Federal award. This policy follows cost accounting standards as prescribed in OMB Uniform Guidance 2 CFR 200 – 200.77 and The University of Texas at Dallas Expenditure of Funds policy – UTDBP3097.
These are the basic criteria to determine direct costs on federally sponsored projects.
Related Policies and Guidance
- Roles and Responsibility