Contract and Grant Accounts - BC
Cost Share
Activity: Cost Share Financial Policy: N/A Related Policies: N/A Additional Forms: N/A Things to Know: There has been a renewed emphasis placed on cost sharing and its administration by the Federal government. As a result, the university established procedures for pertain
accounting for cost share have changed. The following Policy and Important Notices to cost sharing. Please see documents at the following locations: Cost Share on Sponsored Projects
http://www.indiana.edu/~vpcfo/policies/contract/iii-120.html Accounting for Cost Share http://www.fms.indiana.edu/cg/imp_notice/03-4.asp Notice regarding NSF Institutional Cost Share Requirement http://www.fms.indiana.edu/cg/imp_notice/07-3.asp For nineteen consecutive years, Congress has legislatively mandated a provision for
the limitation of salary. Commonly known as the NIH Salary Cap, this limitation restricts the amount of direct salary of an individual charged against an NIH grant or cooperative agreement (referred to here as a grant) or applicable contract to Executive Level I of the Federal Executive Pay scale. The Executive Level I annual salary rate was $191,300 for the period January 1 through December 31, 2008. Effective January 1, 2009, the Executive Level I salary level increased to $196,700. Any faculty or staff paid from an NIH grant are subject to this limitation, and any salary or wages which exceeds the cap must be cost shared. See the following NIH notice for more details on the Salary Cap. http://grants.nih.gov/grants/guide/notice-files/NOT-OD-09-069.html
