TheĀ Uniform Guidance, codified at 2 CFR 200, issued by the Office of Management and Budget (OMB) includes revised cost principles for federal awards made on or after December 26, 2014.
Subpart E sets forth the standards that an allowable cost must beĀ necessary reasonable, and allocableĀ for the performance of the project or activity being supported by the federal award, subject to any special terms and conditions.
The University of Floridaās Cost Principles Policy and the Cost Principles Directives and Procedures are found on the General Counsel’s Regulations page under the Research section.
The University of Florida also requires Mandatory Training in Cost Principles (Course RSH260).
The Uniform GuidanceĀ incorporates theĀ Cost Accounting Standards (CAS)Ā 48 CFRĀ 9905.501, 9905.502, 9905.505, 9905.506Ā which establishes the principles that costs will be consistently treated as a direct or indirect (F&A) costs.Ā Additional information on the items of cost covered by CAS is posted atĀ Charging Costs Directly or Indirectly to Federally Funded Sponsored Projects.
Principal Investigators who believe circumstances of their federally funded project warrant a CAS Exemption that would allow direct charging costs that are normally treated as indirect (F&A) mustĀ submit a CAS Exemption request through UFIRST.
CAS Exemptions apply to federally funded awards. For non-Federal awards all costs that areĀ reasonable, allocable and necessaryĀ for the performance of the project or activity being supported by the non-federal award may be direct charged, subject to any special terms and conditions.