Funding Cost Share
Cost Sharing is a committed resource(s) NOT funded within a research agreement. This cost share is funded by a departmental account.
NOTE: The cost share must be established and supplied to OPM by the department before an award cost share center is requested.
All grants require the Dean’s approval for Cost Share prior to submitting to OPM.
Types of Cost Share
There are three types of Cost Share as illustrated in the following diagram. Common examples include salary costs in excess of the NIH salary cap, as well as committed, but unfunded effort.
OPM uses the following steps to manage Cost Share for Grants.
FUNDING COST SHARE IN GEMINI FINANCIALS
Using the Commitment Control tool, enter Budget Journal, OPM budgets the project.
Any time that Cost Share is included with your grant, you need to account for that funding on a Cost Center’s Operating Expense Ledger. Determine which of the Accounts (A5 and A6) that you need to make adjustments.
Use the following instructions to create a Budget Expense Adjustment Journal.
If you have any questions regarding this procedure, contact Office of Post Award Management at ext. 4540 or via email at firstname.lastname@example.org.
Issued: June 2015