Why can’t departments continue spending on a project while waiting for a new project number?

0
Posted

Why can’t departments continue spending on a project while waiting for a new project number?

0

All sponsored projects have begin and end dates. There is a 90 day allowable period after a project ends for costs allowable to the project period to be recorded in the University’s financial system. This regulation comes from the federal circulars and guidelines the University is required to abide by. No other costs are allowable to the project account and must either be charged to an early account number or to entity 02 or 04 funds while waiting for a new project number.

Related Questions