Research Administrators Council March 25, 2004 Sponsored Projects Accounting Update

Agenda  Staff Changes  Awards not being invoiced due to task funding/overspent issues  Year end Project/Award clean up

Staff Changes New Manager, Cash Management  Karen Faber is moving to Accounting to manage the Accounts Receivable area  Karen’s replacement  Beth Callaway  Start date = April 5 th

Awards not being invoiced due to task funding/overspent issues  Amount not able to be invoiced as of 2/29/04 = $3.6m  Reminder –  Please work with SPA representative to correct task funding issues  Please notify SPA representative if an overspent award should be invoiced with the overspent amount reported as cost sharing  List of specific awards sent to all Business Managers on 3/10/2004  Rhonda Kloss, to be added to the distribution

Year end Project/Award clean up March 31 st = end of 3 rd Quarter for FY2004 Please work with SPA representative to “clean up” any projects/awards that are closing prior to June 30 th and can be removed from the BMS Criteria for having closed projects/awards removed from the BMS is attached