Reimbursement
Reimbursement will be made only for costs incurred during the grant period. The incurrence of costs depends on the accounting system used.
If... | Then cost is incurred when... |
---|---|
an accrual accounting system is used | a recorded liability exists (Examples include invoices, bills of lading, vouchers of individual travel performed, and cash receipts of expenses incurred. Advances for anticipated costs are prohibited.). |
a cash accounting system is used | a cash disbursement has been made. |