Roles and Responsibilities in the Financial Administration of Research
Office of Contract and Grant Accounting (University Central)
/Department of Finance, Academic and Research Enterprise (VUMC)
Shares responsibility with DSR and Office of Research for formulation, implementation, and interpretation of policies regarding allowable costs and for training researchers and staff on proposing and expending allowable costs.
Prepares invoices and letter of credit draws to sponsors on a timely basis.
Prepares quarterly financial reports for federal agencies as required.
Prepares interim and final financial reports in coordination with departments.
Pre-audits certain financial transactions to ensure compliance with applicable regulations.
Performs risk analysis for certain categories of expenditures to ensure compliance with applicable regulations.
Identifies reportability of program income.
Monitors levels of program income.
Provides institutional oversight on cost transfers.
Processes payments of approved subcontractor invoices.
Approves or recommends approval of, carry forward of unexpended funds.
Resolves payment problems with sponsors, in conjunction with the Division of Sponsored Research/Biomedical Sciences.
Prepares, negotiates and administers the institution's indirect cost and fringe benefit rates in conjunction with the Department of Finance and other university departments.
Assists departments in the proper development and administration of service center rates.
Provides training as it pertains to the financial administration of sponsored projects to different constituencies.
