Reimbursement

Reimbursement will be made only for costs incurred during the grant period. The incurrence of costs depends on the accounting system used.
When Costs Are Incurred
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.