of Research and Project Administration
SPONSORED PROGRAMS COMPLIANCE
doesn't always wait for the arrival of money. If you have received
word that an award is forthcoming but the funding is delayed, you may
need to open a "contingent
For example, if you have a graduate student who is already working on the forthcoming
research award, and you need to support him on a Research Assistantship, you
may open the project account before the formal award arrives. To do this, you
need to complete a request
account" form asks for a alternate department unrestricted account,
in case the expected funds do not materialize.
When the funds arrive, they will automatically go into the project account, and
no transfers will be necessary - a significant advantage over placing these costs
somewhere else and transferring them later. If the funds are NOT forthcoming,
then those costs will be charged to the alternate department account.
Some sponsors prohibit ANY preaward costs, while others limit such costs to a
specified amount of time. For example, costs that are incurred more than 90 days
before the start date of a project may be identified as unallowable. Be sure
to check the terms and conditions of
your particular award for these types of restrictions if you are considering
a "contingent" account."