|
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FPC/Cost
Reimburseable to determine how to bill/closeout account
|
|
Bill: FPC
– no billing--payments rec’d in advanced for services to
|
|
be done or expenses to incur
|
|
CRC – billed monthly/quarterly as
services/expenses are incurred
|
|
Closeout:
FPC collected IDC, the balance is refunded to the Dept. (E150)
|
|
FPC no IDC, the balance is
split between Dept. & USC’s Gfund
|
|
FPC off campus, USC collects
20% of balance & what’s left is
|
|
split between the Dept. &
the school
|
|
CRC – balance is refunded to
the Grantor
|
|
Line Item
Restrictions: Sea Grant does not allow any line item to be expended more
than 5% of its budget. Prior written approval is required.
|
|
SCUREF
will not pay for any line item that was not budgeted. Ex. Invoiced
|
|
for ‘supplies’
but budgeted for ‘equipment’. Form required to rebudget the
|
|
Equipment
category to supplies.
|
|
Unallowable
Costs: Food & Equipment
|
|
Matching
Requirements – Mandatory
|
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