The Research Foundation continues to tighten its restrictions on the time frames for expenditure of grant funds. Although we have been told in the past that we have 90 days from the end of the grant to complete processing of the invoices, the reality is that the Research Foundation regularly cancels the documentation (the purchase orders) needed to facilitate the payment of the invoices very quickly after the close of the grant.
Thus, for the past several years we have undertaking initiatives to expend the grant funds
sooner. In the past, as the close of the grant neared, we begin moving incoming invoices from any of the related accounts for payment on the grant -- i.e. ees1 invoices would be moved for payment in rees9. The new strategy begins that process on May 1 rather than waiting until later in the year. This will give us 6 weeks to expend the fund before we close the accounts for the fiscal year.
return to the SRI Department home page.
Return to Technical Services Documentation menu.