Grant Accounting

Grant Accounting

Grant Accounting is responsible for post-award grant administration and accounting, including expenditure analysis, approvals and financial reporting.

The grant accountant:

  • establish grant/contract fund centers
  • inputs initial grant budgets and prepares budget transfers in SAP
  • meets with Project Directors and Grants Development Director to review project award and procedures for expending funds in accordance with rules, regulations and guidelines of the University and funding agencies
  • reviews grant expenditures for appropriateness making sure they fall within grant and University guidelines
  • maintains spreadsheets of grant activity - sharing with Project Director’s upon request
  • invoices funding agencies and draws down funds per granting agency guidelines
  • records deposits to appropriate grant fund centers
  • prepares financial reports for governmental and funding agencies
  • calculates allowable indirect cost for reimbursement
  • assists Grants Development Director and Project Director with budget revision requests to the funding agency

Please direct all post-award questions to Renee Potter, Controller.

Please refer to the FAQs for answers to questions:

  • How do I know how much money I have left to spend?
  • How do I transfer funds?
  • How do I get my budget set up so I can begin spending funds?
  • What are my responsibilities as a Project Director?
  • How do I hire a student worker for my grant?
  • How do I purchase food from my grant budget?