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