The financial section of the report requests the original grant amount, actual expenditures to date, and unspent balance. Unused grant funds must be spent by the end of the grant period or returned to the ICfL. If you have questions about eligible or ineligible expenses, documentation requirements, or need to obtain your original grant agreement please contact us.
Allowable Expenditures. A grantee may only use program funds for allowable costs, as defined in the federal grant funds Uniform Guidance (2 C.F.R. Part 200), which includes the requirement that costs be reasonable and necessary for the accomplishment of program objectives. The following is an abbreviated list of allowable grant expenses.
1. Compensation including wages, stipends, and benefits for summer interns. This is intended to support the library with additional funds necessary to hire a summer intern, and not replace wages of existing employees.
2. Payroll expenses such as Social Security.
3. Advertising or publicity for the recruitment of the summer intern(s).
4. Training and educational supplies, costs, or services for the intern and/or the mentor, not to exceed 10% ($150) of the award total. This cost is intended to support the intern and/or mentor with supplemental materials or trainings associated with the library field, professionalism, leadership, mentorship, or other directly applicable topics.
Non-allowable Expenditures. The following is an abbreviated list of non-allowable grant expenses. It is not intended to be exhaustive or exclusive. Applicants should contact the ICfL if they are unsure if a cost is allowable. The following items are not allowable grant expenses:
1. Materials and supplies.
2. Food and beverages.
3. Services.
4. Travel.
6. Professional and consultant services.
7. Capital expenditures related to the purchase of real property, buildings, or motor vehicles.
8. Construction expenditures related to the improvement or expansion of buildings and facilities.
9. Advertising or publicity not related directly to recruiting a summer intern.
10. Promotional items and memorabilia, including models, gifts, and souvenirs.
11. Apparel.