RSP 501: Establishment of a Sponsored Project Account
To fiscally account for each sponsored project according to university, state, and sponsor regulations
Office for Research and Sponsored Projects Administration (ORSPA)
As specified by federal authoritative requirements (see RSP 101, “General Research Policy”), a separate agency/org is established within the university financial system for each sponsored project. All budget and financial transactions, including receipts, encumbrances, and expenditures, are reflected in the accounting records for each agency/org. The electronic award file is centrally maintained in the Office for Research and Sponsored Projects Administration and is the university’s official administrative record of the project. This central file must contain the documentation authorizing agency/org set up and award acceptance and contain copies of official award administrative actions, technical and financial reports and close out materials.
For authoritative references, see RSP 101, “General Research Policy.”
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