Personnel involved in the administration of research are aware of and follow these policies and procedures. Financial advice and assistance to the college or university's employees are available as needed. Policies and procedures are reviewed periodically for appropriateness and applicability. The college or university has an accounting system for the identification and control of all extramural funding. Claims for reimbursement are made in a timely fashion.
Financial reports are accurate, easy to read, and distributed in a timely fashion.
General ledgers and other required accounting records for recording fund activity are maintained and retained pursuant to record retention requirements. Appropriate payroll and personnel reporting systems are in place. There is an adequate system of internal controls. Source documentation is maintained for all financial transactions. Return to Index Cash Management Principle I-4.