Sponsored Program Accounting | Troy University

Sponsored Program Accounting


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: Office of Sponsored Programs.