Financial Reporting & Analysis
News & Annoucements
April 2013 F&A Reports Are Available
The April 2013 F&A reports are available on the F&A web page at:
FA Award Installment Adjustments
All F&A award installments have been adjusted to account for the F&A earned through December 31, 2012. If your initial installment was greater than the amount earned through December 31, it remains at the higher, initial amount.
Initial installments for FY13 were input into new installments in July 2012. Please notify us if you are aware of circumstances that may cause your FY13 F&A to be significantly less than your FY12 F&A. We have no insight whatsoever into the grant activity of your PI's. The formula outlined in the FAQ http://www.virginia.edu/finance/finanalysis/FA_FAQ.html was used to calculate your initial F&A installment for FY13.
If you believe that your installment should be higher, prepare a spreadsheet listing all active awards, with both award and project numbers, and the amount of F&A you expect to generate on those awards and email it to John Wallace-Smith at email@example.com.
If it is possible that your department will generate significantly less F&A this year than last year, then do NOT fund the entire initial installment until you are certain that you will earn it.