GIM 23
Attachment 1
Costing Policy for Sponsored Agreements
Costing Policy for Sponsored Agreements
Table of Contents
I. Introduction
II. Definitions
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Definition of Direct Costs
-
Definition of Indirect Costs
III. Consistent Treatment of Direct
and Indirect Costs
IV. Distribution of Direct Costs
Between Two or More Grants or Contracts
-
Proportional
Benefit Rule
-
Interrelationship
Rule
V. Direct Costs
VI. Indirect Costs
-
Administrative
and Clerical Salaries
-
Exceptional
Circumstances
-
Implementation
Procedures
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Other Indirect Costs
-
Justifying the
Treatment of Normal Indirect Costs as Direct Costs
-
Examples of Unique
Circumstances Justifying Direct Charges
-
Rebudgeting of Usual
Indirect Costs
Appendix A: Inconsistent Costing
Example
Appendix B: Office Supplies
Effective Date: This policy is effective
July 1, 1997 and will apply to all costs incurred on or after January 1,
1998.