Grant accounts operate following the same University procedures for accounts payable, personnel procurement, travel and all other types of expenditures. Principal investigators/project directors initiate expenditures against the grant budget. The financial manager assigned to the account (usually the applicable dean) authorizes these expenditures while the Grant Accountant monitors and reconciles the grant account.
The following list includes regulations, policies, procedures, and other resources to assist and inform the award management process.
- Accounts Payable
- Budget Changes
- Effort Reporting
- Facilities & Administrative Costs (F&A); Suggested Use of F&A Funds
- Federal Regulations
- Grant Accounting
- No-Cost Extensions --Extensions in the project period that do not involve additional funds are called no-cost extensions. They are usually necessary when work on the project takes longer than anticipated—not simply because grant funds remain at the end of the original project period. Most federal funding agencies provide up to a year’s extension as a routine matter, but require review and approval of subsequent extensions. Contact OSPRA and the Grant Accountant as soon as possible because extension requests may be subject to deadlines.
- Reporting --Sponsors typically request both periodic financial and technical reports. The schedule for completing reports and format are outlined in the sponsor's notice of award or in the agency general terms and conditions. The Grant Accountant is responsible for completing financial reports, and the PI/PD is responsible for the technical reports. Meeting reporting deadlines should be a coordinated effort between both the Grant Accountant and the PI/PD.
- Research Policies
- Travel Office