Extramural Accounting Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z List All Terms

Term	Definition
Mandatory Cost Sharing	That portion of the total project costs of a sponsored agreement borne by the university and required by the sponsor as a condition of obtaining an award. Cost sharing transactions are processed in the Cost Share Tracking system. Instructions on using the system are available in the How to Process Cost Share Transactions resource.
Modified Total Direct Costs	A subset of direct costs used to calculate indirect costs. Consists of direct costs for salaries and wages, fringe benefits, materials and supplies, services, travel, and subgrants and subcontracts up the the first $25,000 of each subgrant and subcontact (regardless of the period covered by the subgrant or subcontract). Equipment capital expenditures, charges for patient care and tuition remission, rental costs, scholarships, and fellowships as well as the portion of each subgrant and subcontract in excess of $25,000 is excluded from modified total direct costs.

Term

Definition

Mandatory Cost Sharing

That portion of the total project costs of a sponsored agreement borne by the university and required by the sponsor as a condition of obtaining an award.

Cost sharing transactions are processed in the Cost Share Tracking system. Instructions on using the system are available in the How to Process Cost Share Transactions resource.

Modified Total Direct Costs

A subset of direct costs used to calculate indirect costs. Consists of direct costs for salaries and wages, fringe benefits, materials and supplies, services, travel, and subgrants and subcontracts up the the first $25,000 of each subgrant and subcontact (regardless of the period covered by the subgrant or subcontract). Equipment capital expenditures, charges for patient care and tuition remission, rental costs, scholarships, and fellowships as well as the portion of each subgrant and subcontract in excess of $25,000 is excluded from modified total direct costs.

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