Sponsored Research Accounting Services

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Sponsored Research Accounting Services

• Pete Derham

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Sponsored Research Accounting Services

• Oversight of the contract and grant management
  system to monitor compliance with fiscal and
  reporting requirements as established by Federal
  and State law, agency regulations, University
  policies and procedures and generally accepted
  accounting principles for sponsored projects
  awarded to the Florida State University.

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Sponsored Research Accounting Services - Mission

• Monitoring compliance of department sponsored
  accounts
• Providing OMNI CG training
• Maintaining an effective cash management system
• Maintaining FSUs cost allocation model
• Collecting and allocating indirect cost funds
• Establishing policies procedures to ensure C G
  compliance

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Sponsored Research Accounting Services
Policies Procedures

• Sponsored Research Website
• www.research.fsu.edu/contractsgrants
• SRAS/SRS staff assignments
• Agency regulations
• FACTS sheet- For proposal preparation etc.

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Sponsored Research Accounting Services
Expenditure Compliance

• Within award period
• Appropriately authorized
• Funds available
• Allowable

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Sponsored Research Accounting Services OMNI
Training

• Schedule of classes-see website
• www.research.fsu.edu/contractsgrants/work-shops.ht
  ml
• SP proposal development (SP 2000)
• Project management (SP 2100)
• Cost sharing (SP 2300)
• Training manuals available
• Classes offered monthly

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Sponsored Research Accounting Services Cash
Flow Management

• Prompt accurate billing
• Full utilization of EFTs and LOC
• Timely deposits
• Relentless receivable follow-up

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Sponsored Research Accounting Services
Indirect Cost Allocation Model

• Every four years the IDC rate is negotiated with
  the Federal government
• Recently negotiated (March 06)- 47
• Finance Administrative Rate Determination (26)
• Space Rate Determination (21)
• Mag Lab (67)

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Sponsored Research Accounting Services Funds
Distribution

• Indirect costs SRAD
• Fixed price residuals PI Support Account