Effective Date Jan 19, 2018
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.