{"id":467,"date":"2016-09-22T09:53:11","date_gmt":"2016-09-22T16:53:11","guid":{"rendered":"https:\/\/www.washington.edu\/research\/?page_id=467"},"modified":"2024-10-15T12:45:38","modified_gmt":"2024-10-15T19:45:38","slug":"financials","status":"publish","type":"page","link":"https:\/\/www.washington.edu\/research\/myresearch-lifecycle\/manage\/financials\/","title":{"rendered":"Financials"},"content":{"rendered":"<h2>Spending<\/h2>\n<p>All expenditures on a sponsored award must be:<\/p>\n<ul>\n<li>necessary,<\/li>\n<li>reasonable,<\/li>\n<li>allocable to a sponsored award,<\/li>\n<li>administered consistently across all sponsored awards, and<\/li>\n<li>allowable per the terms of the Award, sponsor requirements, and applicable UW regulations.<\/li>\n<\/ul>\n<p>Review <a href=\"https:\/\/www.washington.edu\/research\/policies\/gim-23-sponsored-program-costing-policy\/\">GIM 23 &#8211; Sponsored Program Costing Policy<\/a>.<\/p>\n<h2>Award Management<\/h2>\n<p>Departments and Principal Investigators (PIs) are responsible for managing the day-to-day operations of their UW Awards. PI\u2019s are responsible for the management of their sponsored awards. Awards should be reconciled on a regular basis to provide reasonable assurance that transactions are necessary, reasonable, allocable, allowable, and consistently treated.<\/p>\n<p>Review guidance on <a href=\"https:\/\/www.washington.edu\/research\/myresearch-lifecycle\/manage\/award-changes\/\">award changes<\/a> such as rebudgeting, <a href=\"https:\/\/www.washington.edu\/research\/myresearch-lifecycle\/manage\/award-changes\/#schedule-changes\">extensions<\/a> (aka no-cost extensions) and early terminations or deobligations.<\/p>\n<p>Visit <a href=\"https:\/\/finance.uw.edu\/gca\/\" target=\"_blank\" rel=\"noopener noreferrer\">Grant and Contract Accounting<\/a> for information on financial tools and resources, including <a href=\"http:\/\/www.washington.edu\/research\/gca\/budget\/granttracker.html\">GrantTracker<\/a> and <a href=\"https:\/\/finance.uw.edu\/gca\/award-portal\">Award Portal<\/a>.<\/p>\n<p>For more information on post award fiscal compliance, see <a href=\"http:\/\/finance.uw.edu\/pafc\/post-award-fiscal-compliance-home\" target=\"_blank\" rel=\"noopener noreferrer\">Post Award Fiscal Compliance<\/a> resources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spending All expenditures on a sponsored award must be: necessary, reasonable, allocable to a sponsored award, administered consistently across all sponsored awards, and allowable per the&#8230;<\/p>\n<div><a class=\"more\" href=\"https:\/\/www.washington.edu\/research\/myresearch-lifecycle\/manage\/financials\/\">Read more<\/a><\/div>\n","protected":false},"author":13,"featured_media":0,"parent":214,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"templates\/page-builder-lifecycle.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-467","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - 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