Cost Accounting Policies

Effective May 8, 1996, Circular A-21 was revised to incorporate four Cost Accounting Standards (CAS) applicable to educational institutions. These were issued by the Cost Accounting Standards Board (CASB) on November 8, 1994, and the A-21 revision extended the standards to all sponsored agreements.

Due to these revisions, Creighton University must adopt the four Cost Accounting Standards to remain eligible to receive federal grant and contract funds. The regulations require that these standards be applied to all sponsored agreements, so private grants and contracts are also affected. The adoption of CAS by Creighton will cause changes in a number of areas, from initial proposal budgeting to the types of costs that can be directly charged to grants and contracts. As a result it is important that all individuals affected by these changes be aware of CAS and understand the implications for the University. The following proposed policies were developed to bring Creighton into compliance with these regulatory changes.

Implementation of these proposed policies is scheduled for July 1, 1998. The proposed policies will apply to all new and competing proposals submitted on or after April 1, 1998. For awards received after July 1, 1998 for which proposals were submitted prior to April 1, every effort will be made to establish the budget in compliance with these guidelines.

 

Policy

Service Center Operations

CAPL 01

Recharge Activity

CAPL 02

Direct and Facilities and Administrative (Indirect)                                   

CAPL 03

Cost Transfers

CAPL 04

Cost Sharing

CAPL 05

Personnel Activity Reporting

CAPL 06