Award & Financial Management of Sponsored Projects

Award & Financial Management is the process in which the financial details of a sponsored project are confirmed, funds are expended, and the budget is monitored throughout the life of the grant. The Post Award and Compliance team provides support and monitors various policies and procedures to ensure sponsored project funds are spent within university and sponsor guidelines.

 

Overview of Award & Financial Management

Granting Success

Grant Management Roadmap

Setting up a Sponsored Award Account

Sponsored Project Lifecycle

Quick Access by Need

Account Setup

Set up award accounts, budgets, and project records.

Award Management

Manage spending, personnel, and compliance.

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Award Closeout

Complete reporting and finalize project activities

Account Setup:

Select the links below to access guidance, resources, forms, and procedures.

Award Budget of Record (ABOR)
Start with these essential ABOR resources to establish or understand your Award Budget of Record.

Compensation: Time & Effort
Access guidance on salary support, effort reporting, payroll certification, and compensation requirements for sponsored projects.

Hiring Personnel
Find resources and procedures for hiring, managing, and concluding grant-funded personnel appointments.

Award & Financial Management:

Select the links below to access guidance, resources, forms, and procedures.

Understanding Fund reviews
Access tools and guidance to review project expenditures, request fund reviews, and understand indirect cost calculations.

Purchasing & Recurring Costs
Learn how to process purchases, travel expenses, recurring charges, and cost transfers in accordance with sponsored project requirements.

P-Card Compliance
Access policies and procedures for using university purchasing cards on sponsored projects while maintaining compliance with applicable regulations.

Prior Action Requests
Find the required forms and guidance to make changes to a sponsored award after the project has begun.

Effort Reporting
Access resources to certify effort and understand payroll reporting requirements for sponsored projects.

Technical & Financial Progress Reporting
Find guidance, forms, and resources to prepare and submit required sponsor progress and financial reports.

      Award Closeout:

      Select the links below to access guidance, resources, forms, and procedures.


      Closeout Guidance
      Start here for best practices and key requirements.

      Responsibilities & Timeline
      Review the closeout timeline to know what needs to be done and when.

      Roadmaps & Planning
      Follow the recommended roadmap to plan your closeout process.

      Personnel Changes
      Find guidance for ending appointments to close grant-funded positions.

      Financial Reconciliation
      Learn how to manage recurring charges and cost transfers to finalize project finances.

      Final Reporting
      Access reporting requirements and resources needed to complete and submit final reports at the conclusion of a sponsored project.

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