Sponsored Program Accounting
Mission
The mission of
Sponsored Program Accounting at TROY University is to deliver
support services to TROY faculty and staff who are managing
externally funded grants, contracts, or cooperative agreements. The
various processes involved in Award Administration begin at the
point where a notice of award is issued to TROY by a sponsoring
agency and end with project close. Sponsored Program Accounting is
responsible for the post-award administration of sponsored programs
(federal, state, local, and private grants, contracts, and
cooperative agreements). Sponsored Program Accounting establishes
and maintains sponsored program accounts on the Chart of Accounts (COA),
budgets funds upon receipt of sponsored agreements, prepares
billings and requests for reimbursement, receives and records
payments, monitors collection of payments from sponsors, prepares
financial reports, and processes sponsored program budget
adjustments and expenditure transfers. Information regarding these
processes — which include hiring grant staff, procuring goods and
services, managing grant budgets and requesting award modifications
—
can be found at
http://www.troy.edu/osp/awardadmin/awardadmin.html
