Cost Sharing June 2012. Cost Sharing Cost Share Spreadsheet & Reporting Process Submitting Cost...

Cost Sharing

June 2012

Cost Sharing

Cost Share Spreadsheet & Reporting Process

Submitting Cost Share Corrections Projecting Cost Share Cost Share Salary Accounts Cost Share Effort Reports

What is Cost Sharing? OMB A-110 A.2 (I) cost sharing or

matching means that portion of project or program costs not borne by the Federal Government.

At KSU: Matching = non-salary costs Cost Sharing = salary costs

• Reported via cost share spreadsheet

Types of Cost Sharing Mandatory Voluntary Committed Voluntary Uncommitted

Cost Share Information on Internal Budget

Cost Share Information on Budget

Cost Share Information on Transmittal Sheet

Cost Share Information in FIS Grants > Award Inquiry >

References

Cost Share Letter

Completing the Reporting Spreadsheet One spreadsheet per department Do not add, delete, rearrange or

change formatting of the columns Do not include blank rows Make sure all rows and columns are

completely filled in Do not include additional notes on

the spreadsheet

Completing the Reporting Spreadsheet Reporting Org Project Cost Sharing for (GORG######) Employee ID (HR ID W000000####) Project, Fund Source, Org – where the

employee was paid from Payroll End Date (must be a valid HR pay

end date) Days – maximum is 10 per pay period

Completing the Reporting Spreadsheet % of cost sharing time (Salary &

Benefits)– use number formatting with two decimal places. For example – report 5% as .05

Verify correct payroll information as this does change

HR reports which may be useful: Pyrl Funding: How EE was Fund Pyrl Funding: Who on Account

Validation Checks Existing grant project Valid pay period end dates Reporting pay period is within award

begin & end dates 10 or less pay days within a pay

period Valid project/source/org payroll

sources

Validation Checks Cost share amount that will be

calculated is not greater than the paid amount

Non-federal sources Projects that are not eligible for cost

sharing (ex. match/grant projects) Duplicate spreadsheet entries Cost Share % Fractions

Error Reports Checkpoint tab for each validation

check Scroll through tabs at the bottom of

the spreadsheet & review each tab Make corrections to the reporting

spreadsheet and re-submit

Payroll Transfers/Adjustments Affect cost share when total pay

period salary/benefit amount is changed

Affect cost share when project/source/org combination used for cost sharing is changed

Payroll Transfers/Adjustments SPA generates a transfer detail report

when these transactions are loaded into the cost share system

Spreadsheets for departments that are affected are then re-run through the validation process

If errors are generated, the department will be notified

If the amounts of cost share change, revised reports will be sent

Additional System Check Cost Share Reported Exceeds Pay

Will be run after all cost share for a quarter has been received

Details employees that have been cost shared more than they were paid from project/source/org.

SPA will notify the department(s) when this occurs and request a revised cost share spreadsheet be submitted

Cost Share Corrections

Should be kept to a minimum Only the current and previous 2 reporting

periods may be revised See cost share quarters chart Necessary when cost share previously

reported is incorrect Use the reporting spreadsheet

Cost Share Corrections – Cost Share Not Previously Reported

Spreadsheet for cost share to be reported

Separate spreadsheet (.xls file) for each quarter

DO NOT INCLUDE ANY PREVIOUSLY REPORTED COST SHARE

Submit to SPA

Cost Share Corrections – Cost Share Previously Reported

Prior cost share for employees will be deleted

Spreadsheet for cost share to be reported – include ALL cost share for the employee for ALL departments

Separate spreadsheet (.xls file) for each quarter

Submit to SPA

Cost Share Projections

Projections Worksheet available Internal budgeting use only – does

not create documented cost share Yellow shaded area can be updated Blue shaded area shows

calculations

Cost Share Salary Accounts

VERY RARE!!! Must meet A-110, Subpart C,

paragraph 23 and other sponsor allowability criteria

Typically non-federal sources, such as Foundation funds

Contact SPA to set up a “G” matching project

Cost Share Salary Accounts

Foundation Award BG1234 Project GAAA123456: Non-matching

expenditures Project GAAA654321: Matching

expenditures for award NS1234 – Salary needs to be PAID from this project to be considered matching – THESE ARE NOT REPORTED OR TRACKED IN THE QUARTERLY SALARY COST SHARE REPORTING PROCESS

Cost Share and Effort Reports

Cost Share and Effort Reports Cost Share Corrections = Revised Effort

Reports Federal auditors will use Effort Reports

and statistics prepared from them to approve or disapprove federal payments to KSU for direct costs and acceptance of cost shared salaries

Accuracy and timeliness are extremely important

Revised Effort Reports can lead to audit findings

Questions Please contact Laura Hohenbary 2-6207 or laura8@ksu.edu