Cost Sharing Records Sample Clauses

The Cost Sharing Records clause establishes the requirement for parties to maintain and, if necessary, provide access to documentation related to shared expenses under the agreement. Typically, this involves keeping detailed records of costs incurred, receipts, and calculations that demonstrate how expenses are allocated between the parties. This clause ensures transparency and accountability in the management of shared costs, helping to prevent disputes and misunderstandings regarding financial contributions.
Cost Sharing Records. The awardee must maintain records of all project costs that are claimed by the awardee as cost sharing as well as records of costs to be paid by the Government. Such records are subject to audit. Acceptable forms of cost sharing contributions are those that meet the criteria identified in 2 CFR §200.306. Unless otherwise specified in the award, approval is given to include unrecovered indirect costs (also known as facilities and administrative costs for institutions of higher education) as part of cost sharing or matching contributions. If the awardee's cost participation includes in-kind contributions, the basis for determining the valuation for volunteer services and donated property must be documented.
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Cost Sharing Records. The awardee must maintain records of all project costs that are claimed by the awardee as cost sharing as well as records of costs to be paid by the Government. Such records are subject to audit. Acceptable forms of cost sharing contributions
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Cost Sharing Records. ‌ The Recipient must retain records of all project costs that are claimed as Recipient cost share as well as records of costs to be paid by the Government. These records are subject to audit. If the Recipient cost share includes in- kind contributions, the Recipient must document the basis for determining the valuation for the in-kind contributions.
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Related to Cost Sharing Records

  • Training Records A. Employees may request a copy of their training record. The Employer will provide either a hard copy or electronic access to their training record. If an employee provides documentation to the Employer of work-related training it will be recorded in the training record or the employee personnel file. B. At the time of permanent layoff employees will be provided an opportunity to submit documentation of successfully completed training to be considered.

  • Accounting Records Maintain adequate books and records in accordance with generally accepted accounting principles consistently applied, and permit any representative of Bank, at any reasonable time, to inspect, audit and examine such books and records, to make copies of the same, and to inspect the properties of Borrower.