Florida Atlantic University
Allowability of Costs on Federal Awards
Table of Contents

1. Introduction Page
2. Definitions
3. Background
4. Cost Accounting Standards
   A. CAS 501
   B. CAS 502
   C. CAS 505
   D. CAS 506
5. Basic Criteria for the Allowability of Costs on Federal Awards
   A. Reasonable
   B. Allocable
   C. Consistent Treatment of Costs
   D. Conforming to Limitations
   E. Net of Applicable Credits
6. Allowable and Unallowable Expenses
7. FAU’s Costing Policy for Federal Awards
8. Responsibilities
9. Summary

The above files are also available as one PDF File - Allowability of Costs on Federal Awards. The Exhibits below are either external links or individual PDF Files.

Exhibit A  Allowability Overview
Exhibit B  Direct Cost Policy
Exhibit C  CAS 502 Exception Form and Instructions
Exhibit D  Exhibit C of OMB Circular A-21: Major Projects
Exhibit E  Examples of “Special Circumstances” for Non-Labor Administrative Costs on Federal Awards
Exhibit F  Banner Budget Pools and Account Codes
Exhibit G Allowability Grid

PDF files require the free Adobe Acrobat Reader to open and view.

Please direct questions and comments to Edwin Bemmel.

Updated February 2009 by Dianne Parkerson