Quick Reference: federal cost test deck
Recall and apply the main allowability questions before charging a cost to a federal award.
What does necessary ask? Does this cost help accomplish the specific award objective? A mission-related cost still may not be necessary for this award. What does reasonable ask? Would a prudent person pay this amount under similar circumstances? Urgency can explain a higher cost, but the file should show why the price made sense. Allocable or just budgeted? Compare Budget capacity supports planning; allocability supports reimbursement. Can we submit now and find support later? Deadline pressure The reimbursement deadline is close and support is incomplete. We know the cost is real; support can catch up. Your line Let us submit…
Sign up free — one personalized lesson every day, matched to your role and goals.
Already have an account? Sign in