Post award financial administration guidelines
This manual provides guidance to researchers and administrators for administering sponsored programs consistent with Federal regulations and Virginia Commonwealth University (VCU) policy. Sponsors, especially the federal government, require that funds provided to VCU be used appropriately for the benefit of research and other sponsored activities. The federal government provides detailed regulations in Uniform Administrative Requirements and Cost Principles found at www.ecfr.gov. This Manual provides a summary of both the applicable federal regulations and VCU financial policies, in addition to links to resources providing more details, and contact information for individuals who can also be of assistance.
Policies for administering sponsored programs
The purpose of this website is to provide links to guidelines and information about the treatment of costs for sponsored program accounts. Post-Award Administration must comply with University and State policies and procedures as well as the requirements of OMB (Office of Management and Budget) Uniform Administrative Requirements and Cost Principles found at www.ecfr.gov. On December 26, 2013, the Office of Management and Budget (OMB) issued Uniform Guidance that will replace the administrative, accounting, audit rules and principles currently promulgated in OMB Circulars A-21, A-110, and A-133. The Uniform Administrative Requirements and Cost Principles found at www.ecfr.gov will apply to new and incremental funding awarded on or after December 26, 2014. Existing Federal awards will continue to be governed by the terms and conditions under which they were awarded.
Grants and Contracts Accounting and Effort Reporting continue to operate during normal business hours while teleworking. We look forward to continuing our support and partnership with the research community and foresee minimal disruption.
Agencies and entities are issuing guidance on COVID-19. A comprehensive listing of guidance, from the Council of Government Relations, is available via the link below. Additional guidance is also available below. Thank you.
Council of Government Relations: https://www.cogr.edu/institutional-and-agency-responses-covid-19-and-additional-resources
Office of Management and Budget:
M-20-26 (June 18th update): Extension of Administrative Relief for Recipients and Applicants of Federal Financial Assistance Directly Impacted by the Novel Coronavirus (COVID-19) due to Loss of Operations
- Office of Vice President for Research and Innovation
- OMB Uniform Guidance
- Fund Assignment Matrix by Type of Award
- Purchasing Procedures
- Notice Regarding Procurement Compliance Standards and Conformance to OMB Uniform Guidance at 2 CFR 200