The institution often provides cost share on a sponsored project. This might consist of equipment matching funds, release time of faculty to conduct research, supplies, tuition scholarship or other institutional resources. We are required to monitor cost share and compile documentation throughout the duration of the award. Cost share should not be committed if not required or requested by the sponsor. Please refer any questions on cost share to your Contract and Grant Administrator or to the Director or Assistant Director of Sponsored Funds.
Most sponsors require a final fiscal and technical report.
We will submit the final financial report when all obligations are cleared from the project. It is important to resolve outstanding financial issues on a project as quickly as possible so that the final financial report can be submitted. If the sponsored project requires that invoices be submitted to reimburse for costs Sponsored Funds will coordinate the billing process. Invoicing or billing is usually specified in the award notice. We make every attempt to resolve outstanding payments in an informal fashion.