University of Vermont

Sponsored Project Administration - SPA

217 Waterman Building . 85 South Prospect Street . Burlington, Vermont 05405 . (802) 656-3360

research finance

Research Finance and Reporting

This team provides accounting support for extramural research, including providing direction and advice on grant and contract fiscal administration. Team members analyze projects to determine which policies or procedures apply to any particular situation. They monitor those projects to ensure that compliance with accounting standards is maintained throughout the life of the projects. They prepare and submit financial reports, review cost transfers, re-budgeting, and direct cost justification requests.  In FY17, the team submitted 987 financial reports to sponsors, prepared 411 internal reports and performed 658 soft closes.

Specific Functions and Responsibilities

  • Establish and maintain procedures and systems for fiscal management of grants and contracts
  • Prepare grant financial reports, invoices and statements
  • Provide training, instruction and guidance in extramural support
  • Administer fiscal operations of grants and contracts
  • Assist in site visits by sponsoring agencies and discussions with auditors concerning university systems and individual projects
  • Develop and maintain an extensive working knowledge of sponsors’ policies and procedures
  • Develop and maintain an extensive working knowledge of University operations (e.g., Accounting, Purchasing, Property Control, etc.) and the inter-relationships between these operations and extramural support operations
  • Maintain an extensive working knowledge of Federal Circulars A-110, A-21, A-133, 2 CFR 200 (Uniform Guidance), Federal Acquisition Regulations (FAR), Cost Accounting Standards (CAS), and Generally Accepted Accounting Principles (GAAP)
  • Analyze and interpret complex issues to help resolve problems between Federal agencies and the University
  • Maintain stewardship function for all federal funds received at Sponsored Project Administration
  • Support effort review of salary cost transfers
  • Review awards for appropriate spending and communicating with campus on any items that may be unallowable or need additional justification
  • Review and approve all cost transfers
  • Closeout of awards
  • Prepare Quarterly SF-425 Cash reports
  • Administer fiscal operations of grants and contracts, including cost transfers, subawards, tuition remission and F&A allocations, cost sharing and post-audit of allowable expenses

Last modified December 11 2017 04:12 PM

Contact UVM © 2018 The University of Vermont - Burlington, VT 05405 - (802) 656-3131