POST AWARD SERVICES PROVIDED BY PROJECT ADMINISTRATION WITHIN FINANCIAL SERVICES

• Objectives
  • - Support the principal investigator
  • - Monitor account activity
  • - Knowledge of grant terms and conditions
  • - Available to review account balance
• Provide information on performance requirements
  • - Performance Dates
  • - Continuation/extension information
  • - Compliance
• Facilitate post award process
  • - The Executed Award
  • - The Financial Account
  • - The Completed Reports
  • - The Closeout

• Establish Accounts with Sponsor Approved Budgets
• Monitor Expenditures for Compliance using Sponsor, System, and Uniform Guidance Policies
• Monitor Subcontracts
• Prepare Federal and State Financial Reports
• Liaison with other University Administrative Units, Sponsors and Auditors
• Maintain Grant records in accordance with Uniform Guidance, State of Texas and System Records Retention requirements.

RESPONSIBILITY OF PI

• The Principal Investigator (PI) is responsible for the fiscal management and integrity of the project. This includes monitoring all grant account activities.
• The PI complies with all of the terms and conditions required by the Sponsor and sees that project funds are managed within the approved budget.
• The PI is responsible for preparation and submission of technical reports and other deliverables required by the Sponsor.
• The PI complies with all University, Systems, State and Federal policies and procedures.