Budget Management

Budget Management

The PI is responsible for managing the sponsor budget.  Expenses in excess of or not allowed in the award budget will be charged to the PI’s home department.

ORSP interacts monthly via email with PI's to reconcile actual expenses against the award budget and meets with PI for reconciliation on the following schedule:  
•For awards over $100,000, at least quarterly.
•For awards between $10,000 and $100,000, at least twice a year.
•For awards under $10,000, at least annually.
 
PI with multiple awards or awards in excess of $10,000 will use IT Works to track expenses, generate reports, identify budget discrepancies and initiate corrections.