Terms and Definitions
Terminology used in the grant administration process and their definitions:
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Chart String
A series of five discrete numbers which identifies a
budget unit for accounting purposes.
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Cost Sharing
That portion of project costs that are paid for by the
college. These costs may include the portion of salary (personnel) or
non-personnel expenditures paid by the College from state funded or
privately funded sources that are accounted for within a College account
number.
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Committed Cost Share can be either mandatory (required by agency) or voluntary cost sharing, matching, or in-kind funds quantified in the proposal budget, budget justification, or stated in the awarding documents.
Uncommitted Cost Share is voluntary cost sharing, matching, or in-kind funds not pledged in the proposal and subsequently not stated on award documents. This type of cost sharing is more than what is agreed to as part of the award. This is commonly referred to as
voluntary uncommitted cost sharing and does not have to be documented or reported.
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Direct Cost
Expenses of a project that are paid for by the
sponsoring agency.
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Effort
The percentage of time spent on an activity (i.e.:
sponsored project, ABAC support, etc.)
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Effort Reporting
The required certification of time spent on a
sponsored program and the matching payroll distribution.
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Funding Cycle
The time or budget period being funded shown on the
grant award notice.
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Indirect Cost
The expenses incurred by the College in support of a
sponsored project that cannot be directly charged to a specific project.
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In-Kind costs are borne by an
external organization. Funds do not flow through the College’s
financial system. In-Kind matching is funding received from
another source in conjunction with, or often on the condition of,
additional primary funding.
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OCA Tracking Number
The number assigned by the Office of Sponsored
Programs to a submitted grant as part of the identification. It contains
the date submitted and a control number for the year.
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Principal Investigator/Project Director (PI/PD)
The ABAC faculty or staff member responsible for the
grant proposal and who will provide day-to-day management of the
project.
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Project ID
The unique number assigned by the business office to
identify a grant for a specific budget performance period.
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Proposal
A document submitted to a sponsor that outlines a
specific grant or project and how the grant funding will be used.
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Short Name
The unique short title of a grant assigned to
indentify it in the physical and electronic filing systems of the Office
of Sponsored Programs.
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Sponsored Program
A grant, contract, cooperative agreement or sub-award
that is externally funded, mission supported, institutionally approved,
and specifically governed by a performance period, deliverables, and
guidelines.
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Sponsoring Agency
The organization which will be funding the grant.