Expenses

Cost sharing must be proposed, approved, administered, and accounted for in a consistent and prudent manner.

Cornell University funds may be used for ordinary, reasonable, and actual business-related expenses incurred in furtherance of the university's missions.

Units of the university that have activities that generate unrelated business income will be charged all applicable income taxes. 

Cornell University expects costs to be charged to the appropriate sponsored project account when first incurred. There are circumstances in which it may be necessary to transfer expenditures to or from a sponsored account subsequent to the initial recording of the charge in the general ledger.