Research Topic
Cost Principles
Description
The University of Illinois at Urbana-Champaign has a responsibility to ensure that costs incurred on sponsored projects are in compliance with federal regulations, sponsor policy, award terms and conditions, and university policy. Follow the link below for complete policy and procedures.
Highlights
Getting Started
For a cost to be allowable, it must be:
- Necessary and reasonable
- Allocable
- Consistently treated
- Conformed to any limitations or exclusions set forth in federal guidance
- Adequately documented
Types of Allowable Costs
Three types of allowable costs:
Unallowable costs are those items of expense that are not allowable as either a direct charge to a sponsored project or as an F&A cost.
