This statement covers all accounting policies related to sponsored research, beginning with the proposal and including the recording of costs and the final reporting on the project. Cost Overrun . Costs that are incurred for the project greater than authorized by the sponsor for reimbursement. The financial relationship that results when OSU provides non-federal funding support and coordination of a portion of the costs for conducting a project. Cost sharing may be mandatory or voluntary, depending on the terms of the award or contract.
Cost sharing is recorded, in an unrestricted fund, for each agreement.
This fund is identified with the sponsored fund in its title and numbering system. A fee of 2 percent applied to all restricted charitable donations. This fee is assessed quarterly on new revenue received and is used to finance the operations of the OSU Development Office. Expenditures associated with grants and contracts that are necessary for and can be specifically identified with the performance of a sponsored project, and can therefore be charged to it. Effort Reports .