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Managing Research Funding

Roles and Responsibilities in Accountability and Compliance

Once a research award is established, the roles and responsibilities for managing the research funding in compliance with the Sponsor’s and the University’s policies rest predominantly with the Principal Investigator.

However, within the University’s administrative structure, there are roles and responsibilities fulfilled and supported by the Office of the Vice President of Research and Innovation in collaboration with Financial Services, Client Services-Research Accounting, and Human Resources in the ongoing management and oversight of research funding.

Principal Investigator

The Principal Investigator is the signing authority on all approved expenditures for the research award, and accordingly, is ultimately responsible for ensuring expenditures against the research fund:

  • Are in support of the research project named in the award
  • Occur within the award period
  • Comply with all terms and conditions of the award, including eligibility requirements set by Sponsor
  • Comply with all applicable University policies and procedures
Financial Services, Client Services - Research Accounting

Roles and Responsibilities:

  • Coordinate receipt of funds
  • Monitor project spending (purchases and expense reimbursements)
  • Review eligibility to meet Sponsor and University compliance
  • Ensure authorization/signatures adhere to hierarchy approvals levels, to meet Sponsor and University compliance
  • Funds check to minimize financial risk
  • Review financial system reports to ensure all outstandig financial commitments have been received, and/or outstanding expense encumbrances have been cleared
  • Financial Reporting