Laserfiche WebLink
• <br />• <br />• <br />1/31/79 AC 150/5900-13 <br />Appendix 2 <br />APPENDIX 2. MATCHING SHARE <br />1. GENERAL. This appendix sets forth criteria and procedures for the <br />allowability and evaluation of cash and in -kind contributions made by sponsors <br />in satisfying matching share requirements of Federal grants. <br />2. DEFINITIONS. The following definitions apply for the purpose of this <br />appendix: <br />a. Project Costs. Project costs are all allowable costs as set forth in <br />FMC 74-4 incurred by a sponsor and the value of the in -kind contributions <br />made by the sponsor or third parties in accomplishing the objectives of the <br />grant during the project. <br />b. Matching Share. In general, matching share represents that portion <br />of project costs not borne by the Federal Government. Usually, a minimum <br />percentage for matching share is prescribed by program legislation, and <br />matching share requirements are included in the grant agreements. <br />c. Cash Contributions. Cash contributions represent the sponsor's cash <br />outlay, including the outlay of money contributed to the sponsor by other <br />public agencies and institutions and private organizations and individuals. <br />When authorized by Federal legislation, Federal funds received from other <br />grants may be considered as sponsor's cash contributions. <br />d. In -kind Contributions. In -kind contributions represent the value of <br />noncash contributions provided by the sponsor, other public agencies <br />and institutions, and private organizations and individuals. In -kind <br />contributions may consist of charges for real property and nonexpendable <br />equipment and value of goods and services directly benefiting and specifically <br />identifiable to the grant program. When authorized by Federal legislation, <br />property purchased with Federal funds may be considered as sponsor's in -kind <br />contributions. <br />3. GENERAL GUIDELINES. <br />a. Matching share may consist of: <br />(1) Charges incurred by the sponsor as project costs. Not all <br />charges require cash outlays during the grant period by the sponsor; examples <br />are depreciation and use charges for buildings and equipment. <br />(2) Project costs financed with cash contributed or donated to the <br />sponsor by other public agencies and institutions and private organizations <br />and individuals. <br />(3) Project costs represented by services and real or personal <br />property, or use thereof, donated by other public agencies and institutions <br />and private organizations and individuals. <br />1 <br />