MTI Matching Fund Policy - Cash Match Other Match in Services or Equipment

MTI Matching Fund Policy Cash Match Definition: A match in funding that results in the applicant disbursing dollars toward the completion of the proposed project. [...] Future cashflow as matching funds: In cases where the applicant does not have all the matching funds in hand at the time of the MTI investment, they may ask MTI to consider future cashflows as a source of match for future disburse- ments of MTI funds. [...] Personnel salaries as cash matching funds If an organization is committing specific employees to achievement of the goals of MTI’s investment, the wages Calculating the match value of employee time paid to the employee(s) for the portion of their time com- Employees paid hourly wage mitted is eligible as co-invested matching funds. [...] Wage per hour of employee X paid project hours Calculate by multiplying the actual hourly rate Note: To tabulate the cash value of employee time that of the employee by the number of hours will be applied toward satisfying the 1:1 cash matching dedicated to the project. [...] In the cases where an applicant uses employee wages Rates must be rounded to the nearest cent, counting as cash match, it will require the applicant to estimate one-half cent and over as the next higher cent number of employee hours and hourly wage that will (e.g., round $18.845 to $18.85).