Financial Grant Management Presented by: Lindsey Butorac Accountant Controller’s Office

The grant was funded – now what? Immediately send the grant agreement and other documents to the Controller’s Office The Controller’s Office will: Review the grant agreement: For compliance with terms, conditions, and applicable laws With Risk Management for insurance and liability issues With Human Resources for employment related issues Obtain the signature of a Contracting Officer if needed Mail the signed grant agreement to the granting agency Send signed copies of the grant agreement to the Principal Investigator and the Grants & Research Office

Authorized Officials & Officers Authorized Official for grant proposals: Associate Provost for Academic Affairs and Dean of Graduate Studies – Cynthia Prosen Primary Contracting Officer for grant agreements and contracts: V.P. of Finance and Administration – R. Gavin Leach Only individuals authorized by the Board of Trustees may legally bind the University

Post Award Process The Grants & Research Office will send you a memo acknowledging your award with a copy of the Request for Grant Organization Number form Form is also available on Grants & Research Website Once the form is complete, return the original to the Controller’s Office and a copy to the Grants & Research Office A meeting will be scheduled for the Principal Investigator to meet with representatives from the Grants & Research Office and the Controller’s Office to discuss any requirements and questions

Request for Grant Org # Form Complete and submit this form along with a copy of the award letter and most recent budget Make sure line 4 of the form is filled in: Signature of financial manager (usually the department head) is required Normally the department’s main organization number is listed starting with a 2 or 3 A grant organization number (starts with 5) cannot be used Must be signed by the Principal Investigator

Principal Investigator will be ed an organization number to use for the grant expenses Expenses must be within dates specified in grant agreement Expenses must be in line with the approved budget The Principal Investigator is the Financial Manager of the organization number assigned to the grant and approves all expenses Supervisor approval still required for certain transactions: Personal reimbursements to Principal Investigator Travel of the Principal Investigator Business Entertaining of University Guests paid by Principal Investigator Post Award Process Cont’d

How Do I Spend the Money? University Credit Card Purchase Order Check Request Journal Entry Personal Services Contract University Department Charge Payroll

Important Things to Remember Do not purchase an item and say “bill NMU” Do not personally pay for software, cameras, or equipment – prior approval is needed If the item has a warranty do not purchase personally and request reimbursement from NMU Warranty is held by original owner and will be voided when reimbursed by NMU University credit card or Purchase Order should be used for warranty to be issued to NMU

Important Things to Remember Purchase order is required for purchases that need to be bid Food Service Policy must be followed for food consumed on campus nPolicyManual/FoodService.shtml nPolicyManual/FoodService.shtml Hazardous materials must be purchased in accordance with the Hazardous Materials Management Policy: ctions/PoliceServices/Policies/HazardousMaterialsMgm t.shtml ctions/PoliceServices/Policies/HazardousMaterialsMgm t.shtml

University Credit Card & Concur The University credit card issued to you can be used for expenses that need to be charged to the grant Graduate Assistants can be issued University credit cards under special circumstances List the grant organization number to be charged when settling expenses in Concur

University Credit Card & Concur The settlement process is essentially the same as other University credit card purchases with the addition of a grant review Principal investigator must approve all grant charges as the financial manager (travel requires supervisor approval) Credit card expenses are NOT charged to the grant until they are completely settled in Concur

Purchase Order Frequently used to order supplies or services over $1,000 Send completed Purchase Requisition and any supporting backup to Controller’s Office first for pre- audit (only for grants) Controller’s Office will forward to purchasing When goods arrive from the vendor: Indicate that goods have been received on a copy of the Purchase Order, sign & mark “ok to pay” Forward to Vendor Payables for payment

Purchase Requisition Send to Controller’s Office for pre-audit Financial manager’s signature required List organization # to be charged here Itemize items to be purchased and other special instructions here

Purchase Order Make copy of Purchase Order Sign and indicate “ok to pay” when goods received Forward to Vendor Payables for payment

Check Request Frequently used for: Refunds or purchases that require pre-payment such as dues, memberships, and subscriptions Personal reimbursements (other than travel) Must attach original receipts showing proof of payment Supervisor signature required uest%20Form%20New.pdf uest%20Form%20New.pdf

Check Request List organization # to be charged here Signature of financial manager required (also need supervisor’s signature for personal reimbursement to PI) Personal reimbursements require original receipts showing payment (please look carefully as packing slips and order confirmations do not always show proof of payment) Attach original and one copy of invoice or other support for dues, subscriptions, or memberships List account code here

Common Account Codes 7120 – Office Supplies 7123 – Education Supplies 7128 – Lab Supplies 7135 – Other Supplies 7140 – Room Rental 7141 – Equipment Rental 7142 – Misc. Rental 7155 – Other Fees 7160 – Admin Expense 7161 – Subscriptions 7162 – Memberships 7163 – Advertising 7165 – Stdt Programming 7180 – Repairs & Maint – Printing 7191 – Postage Prof. Services 7300 – Faculty Travel 7305 – Staff Travel 7310 – Student Travel 7330 – Univ Guest Expense 7340 – Group Expenses

Journal Entry A journal entry is normally used to move a charge to the proper organization number Common example: the department paid for supplies that should have been charged to the grant Please contact your department or the Controller’s Office for assistance completing this form urnal%20Entry%20(banner).pdf urnal%20Entry%20(banner).pdf

Personal Services Contracts Used to purchase services from individuals, such as: Contractors/Consultants Presenters/Performers External evaluators Two forms need to be completed: Transmittal Form (internal document) Limited or Standard Services Contract

Personal Services Contracts Forms are available in the Warehouse Standard Services Contract is also available in electronic format from Risk Management (2745) Send completed forms directly to Risk Management for processing NMU employees cannot be paid through a personal services contract - must be paid via additional assignment through payroll

University Department Charges University departments can directly charge a grant for services – just let them know the organization number Authorized departments include, but are not limited to: Printing Services Mail Services Bookstore Conference & Catering Audio Visual Transportation

Payroll Related Issues Please see your department secretary to pay: Student Employees Temporary Employees Graduate Assistants Additional Assignments Additional Assignments require an EPS contract to be prepared by the department and approved by the Dean

Adjunct Replacements Amounts needed to cover the cost of adjunct replacements for release time are often budgeted when preparing a grant proposal Adjunct replacements cannot be charged directly to the grant Salary and fringe benefits of the person performing the work will be charged to the grant up to a maximum allowed by the grant Funding of adjunct replacements will be handled by the Department and/or Dean’s Office

Fringe Benefit Rates Fringe benefit rates vary based on type of position Common Fringe Benefits Rates (As of 7/1/08) AAUP Faculty – 45.6% NMUFA Faculty – 56.9% Additional Assignment/Overload – 24.2% Adjunct Faculty – 17.6% Temporary Labor – 13.7% s/Fringe_Benefit_Memorandum-FY09.dot s/Fringe_Benefit_Memorandum-FY09.dot

Students & Fringe Benefits A student must be enrolled in the minimum credit hours to be considered a student employee and not subject to fringe benefits Undergraduate6 credits Graduate4 credits A student who is not enrolled in the minimum credit hours is considered Temporary Labor Temporary Labor Appointment form needs to be completed and submitted to Human Resources Human Resources approval is needed prior to hiring

Students & Fringe Benefits A student must be enrolled for Fall to be considered Temporary Student Labor during the summer. The student will be subject to 13.7% for fringe benefits. A student enrolled in the minimum credit hours during Summer is considered Student Labor and not subject to fringe benefits All students are considered Temporary Student Labor and subject to 13.7% for fringe benefits during August

Travel & Business Entertainment Employee travel expenses are reimbursed at current IRS rates Mileage rate ~ Effective January 1, 2009, personal vehicle mileage will be reimbursed at 55 cents per mile Meals with an overnight stay are reimbursed at actual cost up to a maximum of $32 in a 24-hour period Meals without an overnight stay are reimbursed at actual cost Lodging ~ receipts required and reimbursed at actual cost Parking or taxi ~ receipts required for amounts over $75 per occurence

Travel & Business Entertainment Business entertaining of University guests are reimbursed at actual cost with receipts Granting agency may have specific restrictions regarding entertainment expenses University Travel Policy and Procedures can be found at: rces/AdminPolicyManual/Travel.shtml rces/AdminPolicyManual/Travel.shtml s/AdminProcedureManual/Travel.shtml s/AdminProcedureManual/Travel.shtml

Cost Share/Match Any cost share/match proposed in the grant application must be documented Documentation needed will be determined on a case- by-case basis and will be discussed with Principal Investigator Common types of documentation: Time & Effort Reports Revenue and Expense Transaction Report with expenses highlighted to support department expenditures Cash transfer to grant

Sample Time & Effort Report Complete actual effort column (must total 100%) Signed by both employee & supervisor

How Do I View My Budget? Controller’s Office will provide access for you to view University Finance Reports through MyNMU First time users will receive an with setup instructions – please call the Controller’s Office (2054) if you have difficulties Current Balance Reports - choose the “Financial Statement for Grants & Projects” to see the summary status for the entire grant period Transaction Reports – “Revenue and Expense Transactions for Projects & Grants” to see all transaction details for the entire grant period

Summary Report Click on: Administrative Reports Finance Reports Current Balance Reports Financial Statement for Grants & Projects Balance of Grant Available to Spend

Detail Transaction Report Click on: Administrative Reports Finance Reports Transaction Reports Revenue and Expense Transactions for Projects & Grants

Budget Suggestions The University Finance Reports only contain information that has been processed by accounting Suggested method to determine what has and has not been processed: Keep a file with copies of invoices and receipts related to the grant Regularly verify with the detail transaction report what transactions have been processed and move processed invoices/receipts to a paid file

How do I change the budget? Budget modifications generally require prior approval of the granting agency Budget requirements are usually stated in the grant agreement and vary by agency Some agencies allow a 10-20% deviation per category in the budget while others are not so lenient Please contact the Controller’s Office to discuss your budget situation before contacting the granting agency to modify the budget

Financial Reporting The Controller’s Office will generally prepare and submit all financial reports and cash requests Any financial data prepared by the Principal Investigator, including data in the program report, must be submitted to the Controller’s Office for approval PRIOR to submission to an external organization

Any questions???

Important Phone Numbers Grants & Research Andrew Smentkowski – 2456 Sandra Gayk – Controller’s Office – 2054 Lindsey Butorac – 1076 Purchasing Human Resources – 2330 Risk Management

Have Further Questions or Need Help Contact Me! Lindsey Butorac Accountant Controller’s Office 1406 Hedgcock Phone: Fax: