Cost Principles – An Introduction - Sponsored Projects

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Allocable Costs (Cont’d) • Costs may not be shifted to other sponsored agreements to – Relieve deficits – Avoid restrictions imposed by law or by terms of the sponsored agreement – For other reasons of convenience • May not shift costs charged to non-federal projects to federally sponsored projects • Allocation standard – Can be allocated without undue effort or cost – Allocated based on the proportional benefit – Reasonable allocation basis – Document allocation basis 12
Other Consideration of Allowability • Applicable credits to be applied – Purchase discounts, rebates, allowances, adjustments of overpayment, or erroneous charges, etc… • Consistency in estimating, accumulating and reporting costs • Consistency in allocating costs incurred for the same purposes • See OMB Circular A-21, Section J for discussion of allowability for selected items of cost 13
Page 1 and 2: Arizona’s First University. Cost
Page 3 and 4: Federal Pronouncements • The Whit
Page 5 and 6: OMB Circular A-21 • Cost principl
Page 7 and 8: OMB Circular A-110 (Cont’d) - Pos
Page 9 and 10: Cost Accounting Principles • OMB
Page 11: Allocable Costs • Chargeable or a

Cost Principles – An Introduction - Sponsored Projects

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