School of Medicine Office of Research Administration
A cost reimbursable budget allows the subrecipient to invoice JHU for actual costs incurred/expended under the subaward. Costs incurred must be reasonable, allowable and allocable. Carryforward may require prior approval.
A fixed price budget provides the subrecipient with a fixed level of support without regard to actual costs incurred under the subaward. This type of budget reduces some of the administrative burden and record-keeping requirements. Accountability is based primarily on performance and results. Carryforward does not apply. For additional information, see CFR §§200.102(c), 200.201(b), and 200.333.