Responsibilities of Contracts & Grants Accounting

  • Receives new account information from The Office of Sponsored Programs and enters information into the system for accountants to monitor.
  • Coordinates the billing and financial reporting for contracts & grants.
  • Collects on billed accounts for contracts & grants.
  • Enters transfer authorizations and budget changes on grant accounts.
  • Manages Federal Letter of Credit draw downs.
  • Monitors facilities and administrative costs on contract and grant accounts.
  • Monitors overrun accounts and coordinates with department to clear.
  • Monitors the fulfillment of cost share obligations on contracts and grants.
  • Closes out accounts when grants terminate or when the projects are completed.