Cost sharing on a sponsored program is a contribution to the cost of the project not funded by the sponsor. Cost sharing refers to funds expended by UConn Health on behalf of a sponsored project and includes personnel, equipment, and supplies.
Type of Cost Sharing
- Mandatory – a program requirement by the sponsor that UCH must contribute costs toward a project in order for the award to be made.
- Voluntary Committed – a specific, quantified commitment made in the proposal that is above and beyond many mandatory cost share required by the sponsor.
- Salary limitation and salary cap – salary and related fringe benefit expenses that exceed salary amounts chargeable as direct costs on projects as set forth by certain sponsors, such as the NIH.
- Voluntary Uncommitted – contributions that are over and above that which is reflected in the proposal.
Mandatory and voluntary committed cost sharing are required to be reported on the financial reports and to be supported through the accounting records.
Identification of the source of cost sharing is to be made at the time the proposal is submitted. Cost sharing/match accounts (companion accounts) are set up for each grant as required and used to charge the cost sharing expense. These accounts should be established at the time the award is received and set up in UConn Health’s financial system (Banner).
A periodic review of the financial statements will ensure that cost sharing commitments are being met.