Grants and Contracts Management
The Office of Special Funds Accounting (under Business Affairs) is responsible for the financial management of sponsored programs including funded grants and contracts. For contact information of the Accountant assigned to provide Grants & Contracts assistance to your department, click here.
Managing grants and contracts begins with the setup of funds and possibly a New Award Meeting with staff during which the Principal Investigator’s (PI) or Project Director’s (PD) roles and responsibilities are reviewed.
Proper management of funds is vital not only to the PI/PD, but to the University as a whole. Mismanaged grant and contract funds could result in the University losing all Federal funding – including funds used for student financial aid purposes. Funds management is tracked through reporting of expenditures, actual time and effort, and cost sharing. When a grant or contract ends, certain steps must still be taken to closeout the award.
Please refer to the Principal Investigator (PI) Management Checklist to familiarize yourself with all the essential steps in grant and contract management.
