Research & Sponsored Programs Accounting Responsibilities

Research & Sponsored Programs Accounting is responsible for the administrative and financial oversight of externally sponsored projects. Responsibilities span the life of the award from fund establishment through transaction processing and compliance review, cash management, financial reporting and fund closeout procedures.

RSPA will:

  • Assign a fund number, open the account in the University's financial system, and notify the principal investigator the fund is ready for spending.
  • Provide the principal investigator with access to pertinent regulations, policies, and sponsor guidelines.
  • Provide GLez training and materials.
  • Assist in the compliance review of expenditures
    • Expenditures must be made within the start and end dates of the sponsored project
    • Purchases must be allowable allowable, allocable, reasonable and consistent, per 2CFR, Part 220 (formerly OMB Circular A-21).

       

  • Prepare and submit required billings/reports to the sponsor.
  • Monitor and pursue collection of all unpaid receivables.
  • Develop and submit all required financial reports.
  • Assist the principal investigators in the financial closeouts and terminations of sponsored projects.
  • Coordinate all audits conducted by external audit agencies and by internal auditing and provide information required during reviews.

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