Campus mail address is Contract Administration at TAMU 1260. See the Department of Administration organizational chart at Appendix A . For a detailed breakdown of specific agencies and sponsors assigned to each staff member, see Appendix C . Ensure compliance with applicable regulations One of the primary responsibilities of the Department of Contract Administration is to fulfill the purpose of the sponsored agreement by ensuring compliance with sponsor requirements. OMB Circular A-21 states that allowable costs must be given consistent treatment through the application of generally accepted accounting principles appropriate to the circumstance.
Cost principles require that types of costs incurred for the same purpose be treated the same.
Financial monitoring and reporting Once an award document is accepted and approved by the University, an account will be set up to record project revenues and expenses. All accounts are set up with a project budget that will satisfy the reporting requirements of the sponsoring agency. The reporting of expenditures may vary in the amount of detail required and the frequency that financial reports must be provided to the sponsoring agency. Circular A-110 requires all federal granting agencies to use one set of reports for grant reporting. However, contracts and non-federal projects are not bound by that restriction.