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Account
Review - According to University policy on Internal
Controls, fiscal administrators are responsible for monthly
review and reconciliation of all accounts. This naturally includes
grant accounts, and fiscal administrators should conduct such
reviews in consultation with their investigators and secure
investigator signatures to confirm that expenditures have been
made appropriately. The procedure on Account
Review refers specifically to grants management. |
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Billing
and Invoicing (Under Construction) - This section will
contain information on how OSP submits invoices to and receives
payment from the sponsor. |
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Cost
Transfers - There are a number of procedures governing
the movement of moneys from award to award in the event the
expenditures get charged incorrectly. Procedure
8-20 speaks generally to cost transfers. Procedure
8-21 addresses cost transfers over 90 days. And Procedure
8-22 addresses labor distribution cost transfers over 90
days. |
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Changes
to Awards - If a change needs to be made to an award,
an SP-23 should be submitted according
to procedure 8-13. |
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Deficits
- The Office of Sponsored Programs monitors grant accounts,
and takes the appropriate action when an account goes into deficit.
Policy
8-30 addresses the procedure for handling deficits. |
