Effective Date Jan 19, 2018
|POC:||Effective Date:||Approved by:|
|Senior Vice President for Research||January 19, 2018||T. Dwayne McCay, President|
Unallowable Costs Policy
This policy applies to all students, faculty and staff serving as a principal investigator (PI) on a grant or contract award having the authority to charge allowable costs to a sponsored project (grant, contract, or subaward).
Florida Institute of Technology acts in accordance with federal regulations set forth within OMB Uniform Guidance governed by 2 CFR 200 Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards as well as the Federal Office of Management and Budget (OMB) Circular A-21. Compliance with these federal regulations is mandatory for all sponsored projects.
All allowable costs under university policy must be charged to the appropriate accounting string associated with a sponsored project. The PI is responsible for ensuring allowable costs are charged accordingly.
Costs that are not allowable per federal regulations, cannot be charged either directly or indirectly to a federally funded sponsored project. Any unallowable cost charged to a federally funded sponsored project must be transferred to the department or college of the PI.
For a list of unallowable costs, see “Unallowable Cost Information” on the Office of Research website.