To ensure compliance with Office of Management and Budget (OMB) Circular A-110 (Uniform Administrative Requirements for Grants and Agreements with Institutions of Higher Education, Hospitals, and Other Nonprofit Organizations) as codified by the federal grant making agencies and other sponsors’ policies regarding the timely submission of financial reports of expenditures, please observe the following:
- Sponsored Projects Services (SPS) is responsible for the preparation and submission of interim and final financial reports required under sponsored project awards.
- The general ledger system represents the official record supporting all required financial statements.
- SPS is responsible for conducting desk reviews to ensure that reported expenditures are authorized and allowable under terms and conditions of awards and are in accordance with University of Oregon (UO) and sponsor policy and OMB Circular 2 CFR Part 200.
- SPS has the authority to request documentation in support of any questioned charge, as well as the authority to exclude from any financial billing or reporting all costs deemed questionable and/or unsupported.
When financial information is required or included in a technical performance report, the report must be reviewed and the financial data approved by SPS prior to submittal to the sponsor.
Sponsored Projects Services
August 20 2008