Matching Funds Allowable costs

Matching funds—definitions Matching funds=portion of total grant costs not borne by federal or state Cash contributions—represent grantee’s cash outlay for the grant In-kind contribution—value of non-cash contributions Grant costs—sum of allowable costs plus the values of cash or allowable in-kind contributions Added a dash between non-cash; just for my own knowledge, what exactly is a grantee’s cash outlay for a grant? The amount of money he contributes himself to a given project and is then allowed to recover from the grant funds? I don’t think it’s money paid to obtain the grant…

Matching funds Cash contributions—cannot be from another grant In-kind contribution—may consist of charges for Real property Nonexpendable personal property Value of goods and services

Matching funds—Criteria Verifiable from grantee records Not included for any other grant Incurred, contributed within grant period In-kind contributions Fairly valued Represent necessary costs Allowed under grant agreement terms

Matching funds—In-kind valuation Volunteer services Counted hour for hour if in professional area Rates consistent with like work Charged at minimum wage rate if outside professional area Documented with same methods used for regular employees (time cards) Basis documented

Matching funds—In-kind valuation Expendable personal property Expendable equipment Office supplies Laboratory supplies Workshop supplies Values must be reasonable Cannot exceed fair market value Basis documented

Matching funds—In-kind valuation Nonexpendable personal property Land Building Equipment Values must be reasonable Cannot exceed fair market value Basis documented Aren’t land and buildings real property? Or here do they count as both…