Most funding agencies require regular program and/or financial reports. The submission of timely and accurate reports has increasingly become a compliance concern for funding agencies. PIs are responsible for program or technical reports and the Grant Accounting Department is responsible for financial reports. PIs and the Grant Accounting Department collaborate on reports containing both technical and financial information.
Program/technical Reports: Most sponsors require periodic progress reports in order to evaluate performance and ensure that grantees are meeting the objectives set forth in the award agreement. Reports generally cover a specified time frame and usually must be completed on a form provided by the sponsor. Some agencies require a narrative report.
Financial reporting: Financial reports cover financial activity for a given time frame and include project expenditures by budget category and cumulative totals. The Grant Accounting Department completes financial reports unless the sponsor requires a combined report, in which case the PI and the Grant Accounting Department work together.
page last updated 12/4/2013 3:19 PM