If anyone could point me to some guidance (federal regs, GASB, or other)
on the rate at which matching funds should be expended vis-a-vis grant
funds, I would appreciate it.

The context is this: we received a federal award that requires a 25%
match. Specifically, the grant funded 4 fellowships and we in turn
funded 1 fellowship.  We transferred the necessary institutional funds
into a matching account, but the PI was not able to fill all five
fellowships.  Since we won't be able to use all the funds, should we
spend all the grant funds first, spend all the matching funds first,
spend them both at a rate of 4:1, or is there some other solution?

On a somewhat related note, what if there are unexpended grant funds and
matching funds at the end of the grant period?  Are we required to
transfer as many charges to the matching account to meet our obligation
before determining how much should be returned to the sponsor?

Thanks for your advice.

Craig

--
Craig Reynolds / Office of Research and Sponsored Programs /
Foust 251 / Central Michigan Univ. / Mt. Pleasant, MI 48859 /
T: (517) 774-3859 / F: (517) 774-3438 / E: xxxxxx@cmich.edu

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