Thus purchases, especially equipment, must be received well before the end of a project. Redistribution of vacation and severance money is up to departments and units to monitor. Sponsored Financial Reporting will double-check when it sees an unusual situation. The changes affect only calculation of charges for tuition benefits. The object codes for fringe benefits do not change.
Many nonfederal sponsors have no standing income policies.
When a project funded by such a sponsor earns income, the University needs to ask the sponsor for specific direction. Typically, the sponsor wants the income used to reduce the award. Sponsors may be influenced, however, when proposals include specific plans for the use of income.