Item
No.                                                                                                 Item Description

1.1.0     Description of Your Cost Accounting System for recording expenses charged to Federally sponsored agreements (e.g., contracts, grant and cooperative agreements). (Mark the appropriate line(s) and if more than one is marked, explain on a continuation sheet.)

A.             Accrual

B.     X      Modified Accrual Basis

C.              Cash Basis

D.              Other 1/
 

1.2.0     Integration of Cost Accounting with Financial Accounting. The cost accounting system is:
(Mark one. If B or C is marked, describe on a continuation sheet the costs which are accumulated on memorandum records.)

A.   X      Integrated with financial accounting records (Subsidiary cost accounts are all controlled by general ledger control accounts.)

B.             Not integrated with financial accounting records (Cost data are accumulated on memorandum records.)

C.             Combination of A and B
 

1.3.0     Unallowable Costs. Costs that are not reimbursable as allowable costs under the terms and conditions of Federally sponsored agreements are: (Mark one)
 

A.            Specifically identified and recorded separately in the formal financial accounting records. 1/

B.            Identified in separately maintained accounting records or work papers. 1/

C.            Identifiable through use of less formal accounting techniques that permit audit verification. 1/

D.   X     Combination of A, B, or C 1/

E.            Determinable by others means. 1/

1/ Describe on a Continuation Sheet.
 

1.3.1     Treatment of Unallowable Costs. (Explain on a continuation sheet how unallowable costs and directly associated costs are treated in each allocation base and indirect expense pool, e.g., when allocating costs to a major function or activity; when determining indirect cost rates; or, when a central office or group office allocates costs to a segment.)

1 / Describe on a Continuation Sheet
 

1.4.0     Cost Accounting Period:  July 1 to June 30 (Specify the twelve month period used for the accumulation and reporting of costs under Federally sponsored agreements, e.g., 7/1 to 6/30. If the cost accounting period is other than the institution's fiscal year used for financial accounting and reporting purposes, explain circumstances on a continuation sheet.)
 

1.5.0     State Law or Regulations. Identify on a continuation sheet any State laws or regulations which influence the institution's cost accounting practices, e.g., State administered pension plans, and any applicable statutory limitations or special agreements on allowance of costs.

1/ Describe on a Continuation Sheet.