Federal regulations and agency guidelines (Office of Management and Budget (OMB) Circular A-21 and A-110) require entities to properly account for cost share and matching (third party cost sharing) information.  The purpose of this policy is to provide guidance to University staff to ensure their compliance with federal laws and regulations. This document establishes requirements for the identification, funding, accounting and reporting of mandatory, voluntary committed cost sharing, and in-kind/matching requirements associated with sponsored projects. See OMB A-110 Section C.23.  To adhere to standards of consistency, cost sharing and matching on projects without federal sponsorship will be handled in the same manner as federally sponsored projects.