Account/Award Establishment
Once an award is fully executed it is routed to award management for account establishment and administration. Award management staff review sponsor policies and procedures as well as award terms and conditions to ensure that awards are correctly outlined in Cayuse and the corresponding accounts are properly created in Datatel.
Some of the critical award terms and conditions are as follows:
- Billing Requirements
- Budget Amounts (Allowable Costs)
- Carryforward Allowances
- Closeout Requirements
- Cost Share Requirements
- Deliverables
- Financial and Programmatic Reporting Requirements
- Project Begin and End Dates
Once an account has been established, award mangers notify principal investigators as well as their research administrators and schedule an award intake meeting. During these meetings, the above notated terms and conditions are discussed and a plan for administration is developed.