1. Cost Share Angela Horton and Jean Benefiel

2. Wake Forest Baptist Medical Center What is Cost Share? Specific portion of project costs related to sponsored programs that are not provided by the sponsor Typically direct costs that would otherwise be charged to the grant In rare instances, can also be F&A costs (requires Dean’s office approval)

3. Wake Forest Baptist Medical Center When to Cost Share? NEVER! Or, when REQUIRED by sponsor

4. Wake Forest Baptist Medical Center Types of Cost Share Mandatory Costs required by terms of award or by federal statue & WFUHS must contribute in order to get award Voluntary Committed Costs identified within the proposal, but not requested from the sponsor Voluntary Uncommitted Cost not funded by sponsor that was not identified in proposal nor required by sponsor Not tracked

5. Wake Forest Baptist Medical Center Allowable Costs Allowed on Award = Allowed for Cost Share Verifiable Not charged to another award Necessary to accomplish project objectives Allowable under cost principles Budgeted, if required

6. Wake Forest Baptist Medical Center Unallowable Costs Funded by another award Included in F&A Rate Building/equipment depreciation Utilities Department administration charges Double counting Costs can only be cost shared on one project Expenses related to two or more projects must be pro-rated Costs outside the project period

7. Wake Forest Baptist Medical Center Unallowable Costs (cont.) Costs not related to award objectives Costs not allowable under OMB Circular A-21 Alcohol, entertainment, advertising, memberships, etc. Salary in Excess of Regulatory Salary Cap

8. Wake Forest Baptist Medical Center Documenting Cost Share Cost Share Form http://brsa.wakehealth.edu/forms/cname/spon sored%20programshttp://brsa.wakehealth.edu/forms/cname/spon sored%20programs Complete with proposal Must supply unrestricted chart field that will be charged If salary is cost shared, faculty must properly certify effort to project chart field (not cost share chart field)

9. Wake Forest Baptist Medical Center Cost Share Impact - Institution Cost Sharing has a detrimental impact on F&A rate calculation Increases Organized Research Base which leads to a lower approved F&A rate and lower F&A reimbursement

10. Wake Forest Baptist Medical Center Cost Share Impact - Departments Documentation Department responsibility Expense tracking Uses department unrestricted funds Record cost share to unrestricted chart field indicated at approval Effort Reporting – variance explanations Cost sharing salary will create an effort variance that requires explanation either via comment box or post certification follow up

11. Wake Forest Baptist Medical Center Cost Share Impact – Departments Increases staffing efforts Loss of F&A or absorb more indirect costs Possible covering of expense if total commitment not achieved

12. Wake Forest Baptist Medical Center Questions? Contact Info: Angela Horton: 716-1433 Jean Benefiel: 716-8732