General guidelines for verifying costs:
Is the cost Allowable?
- Must be allowable under U.S. office of OMB Circular A-21.
Is it Allocable?
- If it is identifiable and has documentation support.
Is it Reasonable?
- Whether it is reasonable depends on the amount and kind of costs.
- The timeliness can affect allowability.
- Explanations must be consistent with supporting documentation.