The Allowable Cost Matrix is a tool created to assist accounting and finance staff with making decisions related to paying for Institute expenses. The matrix provides a vehicle to determine if certain expenses are allowable under certain fund types.
The Allowable Cost Matrix underwent an extensive review in 2023, with the collaboration of campus partners. As a result of this feedback, a new tool is now available on the Controller’s website – a LIVE matrix! The new interactive matrix is easy to navigate with a list of all Institute fund groups across the top of the matrix and a vertical list of common expense types down the left side of the matrix.
The new matrix offers the following features and benefits:
Enables users to easily search via keywords
Lives online and is always up to date – no need to worry about version control
Includes a column with recommended spend categories
Contains all the same fund types as the previous matrix when you scroll side to side
Any questions regarding Allowable Costs can be directed to ServiceNow.