Cost 1xbet best casino website on Sponsored Projects Accounts
Chapter 7055
Revised April 27, 2009
Table of Contents
.010Overview
.020Federal Guidelines
.030Policy
.040Procedures for Non- Payroll 1xbet best casino website
.041Procedures for Payroll 1xbet best casino website
.042Procedures for Changes or Additions to 1xbet best casino website
.050Examples of Acceptable 1xbet best casino website Tra
.051Examples of Unacceptable or Incomplete Explanations
.010 Overview
For purposes of this policy, a cost transfer is defined as a transfer of expenditure, either payroll or non-payroll, from one account to another after the expenditure was initially recorded in the university accounting system when at least one of the accounts involved is a sponsored project account. In addition, changes or additions to cost sharing salaries are considered to be 1xbet best casino website .(SeePPM Chapter 7070for more information on 1xbet best casino website Sharing.)
The Federal government and other external sponsors expect costs to be charged appropriately at the time incurred and that proper procedures are in place to assure the integrity of any subsequent adjustments to those charges. It is generally recognized that cost 1xbet best casino website may be necessary to correct errors in original charges. However, frequent, late, inadequately explained 1xbet best casino website , or multiple 1xbet best casino website of the same cost are viewed as an indication of poor management of funds, particularly when projects with cost overruns or unexpended balances are involved.
.020 Federal Guidelines
OMB Circular A-21 “1xbet best casino website Principles for Educational Institutions”:
Sections C.1 through C.4 establish basic 1xbet best casino website considerations for allowability, allocability, and reasonableness.
Section C. 4.b-c specifically states: “Any costs allocable to a particular 1xbet best casino website agreement under the standards provided in this Circular may not be shifted to other 1xbet best casino website agreements in order to meet deficiencies caused by overruns or other fund considerations, to avoid restrictions imposed by law or by terms of the 1xbet best casino website agreement, or for other reasons of convenience. Any costs allocable to activities 1xbet best casino website by industry, foreign governments or other sponsors may not be shifted to federally-1xbet best casino website agreements.”
NIH Grants Policy Statement states:
“Cost 1xbet best casino website to NIH grants by grantees…. Should be accomplished within 90 days …The 1xbet best casino website must be supported by documentation that fully explains how the error occurred and a certification of the correctness of the new charge by a responsible organizational official of the grantee…1xbet best casino website of cost from one project to another or from one competitive segment to the next solely to cover cost overruns are not allowable…Frequent errors in recording costs may indicate the need for accounting system improvements, enhanced internal controls, or both.If such errors occur, grantees are encouraged to evaluate the need for improvements and to make whatever improvements are deemed necessary to prevent reoccurrence. NIH also may require a grantee to take corrective action by imposing additional terms and conditions on an award(s).”
.030 Policy
Principal Investigators and/or their delegate should regularly review the financial status of sponsored project accounts and prepare and submit 1xbet best casino website to correct errors on a timely basis. Such corrections must be supported with documentation of why the error occurred and how the cost directly benefits the project to which the transfer is being made. Corrections should not require multiple 1xbet best casino website of the same cost.Additionally, sponsored projects accounts should never be used as “holding” accounts for costs benefiting other projects or objectives.
1xbet best casino website of costs to a sponsored project account that are not prepared and submitted on a timely basis will be considered “late 1xbet best casino website ”.Such 1xbet best casino website will require additional documentation and will be permitted only in limited circumstances with appropriate explanation.
No time limit is imposed on removing expenditures from a 1xbet best casino website account and transferring them to a non-1xbet best casino website account. If unallowable expenditures are discovered on a 1xbet best casino website project account, they must be removed regardless of the timeframe.
.040 Procedures for Non-Payroll 1xbet best casino website
1xbet best casino website of costs to a sponsored project must be prepared and submitted within 90 days after the end of the month in which the transaction was originally recorded. A complete explanation of the need for the transfer must be documented on the transfer of payment form. Explanations such as “to correct a clerical error” are not adequate.
1xbet best casino website of costs to a sponsored project account that are prepared and submitted after that time period will be considered late 1xbet best casino website .
Late 1xbet best casino website that move coststoa sponsored project account will be allowed only in limited circumstances. A complete justification must be provided on the transfer of payments form and such 1xbet best casino website will only be processed after approval by the Sponsored Projects Accounting Office. Normally, late 1xbet best casino website must move the costs to a non-sponsored account only.
.041 Procedures for Payroll 1xbet best casino website
1xbet best casino website must be prepared and submitted within 90 days after the effective date of the paycheck and prior to being certified on an Effort Report. Once salaries have been certified on an Effort Report, changes to the assignment of those costs may call into question the validity and integrity of the original certification.Allocation of the payroll costs, including cost sharing, should be carefully considered and adjustedpriorto certification. SeePPM Chapter 7080for more information on Effort Reports.
1xbet best casino website prepared and submitted after that time period will be consideredlate 1xbet best casino website and normally must move costs to a non-sponsored account only. 1xbet best casino website from a sponsored agreement account to a non-sponsored account normally need to be reported as cost sharing for the project they are transferred from.
1xbet best casino website that represent changes in the funding of cost sharing previously reported will also be considered a late transfer.
Late payroll 1xbet best casino website will be allowed only in limited circumstances and must be approved by the Payroll Office.The Funding Data Sheet and required additional documentation must be completed and submitted to the Payroll Office for approval before the transfer will be processed. If approved, a revised Effort Report also must be requested from the Sponsored Projects Accounting Office for completion by the department.
.042 Procedures for Changes or Additions to 1xbet best casino website Sharing Salaries
These actions are considered to be late 90 days after the original due date for reporting the cost sharing OR if the due date for the related Effort Report has passed.Late cost share changes or additions will be allowed only in limited circumstances. For all such 1xbet best casino website , a Late Cost Sharing Transfer Justification form must be completed and submitted to the Sponsored Projects Accounting Office for approval at the same time that the related cost share spreadsheet is submitted.(SeePPM Chapter 7070for instructions on submitting 1xbet best casino website share spreadsheets).
.050 Examples of Acceptable 1xbet best casino website Tra
“A clerical error was made when the original payment document was prepared. The account number 123456 was inadvertently entered as 132456”
“This PI has two projects that involve the study of wildcats and their eating habits.The PI inadvertently provided the wrong account number for the original charge.Future charges for this PI will be double-checked for the correct account number.”
“A review of the monthly statements for this account by the PI revealed an error in charging payroll. The personnel specialist had not been notified by the PI that a graduate student had been assigned to this project.”
“Receipt of the official award was delayed by the sponsor. The project started prior to the date an account was established.”
“The sponsor assigned a new award number to the new budget period of the project, therefore a new FIS account was set up. This transfer moves costs to the new FIS number.”
“A change in the personnel specialist position within the department caused a delay in changing payroll funding to accurately reflect employees assigned to this project.”
.051 Examples of Incomplete or Unacceptable 1xbet best casino website Transfer Explanations
“To correct a clerical error”
“To move to correct project”
“Costs must be transferred to another 1xbet best casino website project due to overspending”
“Costs need to be transferred to use up unspent funds before the 1xbet best casino website project ends”
“The late transfer is needed due to workloads that prevented administrative staff/PI from doing account reviews until now”
“Costs were charged to 1xbet best casino website project X until 1xbet best casino website project Y was set up in FIS”
“The PI was unavailable at the time of the original charge so costs were charged to 1xbet best casino website project X in the meantime”
