Cost Share F&A Adjustments and Future Process Change

Posted on February 26, 2024 by Claudia Murray

Effective February 15, 2024, RCA will adjust the accounting process for Cost Share F&A.

Currently F&A is being charged on cost share projects where no specific exclusion was requested in the award cost share agreement.  F&A on cost share charges is being recorded in the Cost Share Project and debited to COA with an expectation for the department to fund.

F&A for the cost share charges will be recorded in the Cost Share Project.  However, there will be no debit to the CoA, effectively forgiving the obligation for the department to fund.

F&A charges on cost share projects made prior to February 15 and that have already debited CoA accounts will be reversed by RCA prior to the end of FY24.

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