1. Matching Funds
Allowable costs

2. 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…

3. 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

4. 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

5. 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

6. 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

7. 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…