Roles and responsibilities
The Office of Grants and Contracts Accounting is responsible for maintaining the accounting records of all sponsored programs and for preparing financial reports for submission to the sponsor. The Banner System constitutes the official accounting records of the University. It is the responsibility of the principal investigator to review the appropriate monthly Banner reports and to submit an online financial inquiry or send an email identifying any errors or omissions to the appropriate department for corrective action.
It is the responsibility of the principal investigator to comply with all policies of the sponsoring agency and to plan expenditures so those funds will be available for the duration of the project. Although the primary responsibility for control of expenditures rests with the principal investigator, the Office of Grants and Contracts Accounting reviews selected charges against sponsored programs to ensure University compliance with applicable regulations and restrictions.