"I don't get it"
CAS
Cost Accounting Standards
The recipient of a sponsored project is whom?
The Institution
Can I pay my administrative personnel extra from my award?
Yes, if -
Administrative or clerical services are integral to a project or activity
Individual involved can be specifically identified with the project or activity
Such costs are explicitly included in the budget or have the prior written approval of the Federal awarding agency; and
The costs are not also recovered as Facilities and Administrative Cost (indirect costs)
Patient Care costs is is considered MTDC and is excluded from F&A, True or False?
True
I ensure all project expenditures are posted, spending was in accordance with the approved budget, ties to the drawdowns and must be submitted within 90 days of the performance period end date. What am I?
Final Financial Report
IRB
Internal Review Board
Conflict of Interest (COI), Institutional Animal Care and Use Committee (IACUC), and Grant and Contract Accounting are all considered this type of administration within Rutgers University?
Central Administration
Can I rotate charges across sponsored projects?
No - this is poor allocation.
Must establish a rotation schedule that credibly reflects the relative benefit to each sponsored project
We have a sub-award agreement to Rowan University. Because their in New Jersey, we cannot charge F&A on the entire agreement. We decided to charge F&A on the first 25,000, and none afterwards. This is the appropriate application of F&A, true or false?
True.
However, not a true statement regarding the location of the sub-awardee.
I ensure my institution discloses any intellectual property created under an award. What type of report am I?
Invention or Patent Report
Financial Conflict of Interest
Department Administrator
May I transfer costs to the project that has a large available balance.."I mean we did all the work"
No - poor allocation. Cost should be allocated based on actual work completed, not based on available balances. Transfers must also be in compliance with institutional policies regarding cost transfers.
If the cap for administrative costs is 26%, then my off campus rate should be equivalent. True or False
True
But wait - There's More!
The narrative written by the principal investigator at the end of the award which summarizes the outcomes of the study.
Final Scientific/Technical Report
FFATA
Federal Funding Accounting and Transparency Act
It is my job to posses institutional infrastructure to assure compliance with all applicable policies, Federal and State statutes and regulations. Who am I?
Grantee Organization, or the non-federal entity, or the institution.
While doing a study on office dynamics and was approved a budget for office supplies. The PI has a thing for the color gold and Office Depot. He only approved office supplies that were the color gold and from Office Deport. For example. 1 stapler was $35.00, where we could've bought a stapler at Walmart for three dollars? is this okay?
No - Reasonableness
A rapid increase in expenditures and a lack of growth in infrastructure could result in a lower F&A rate. True or False?
True.
What indicator on an invoice from your sub-recipient would demonstrate all work has been completed, and you've been invoiced in full.
Marked FINAL invoice
IACUC
Institutional Animal Care and Use Committee
I must attest that all information contained in outwardly submissions are in conformance with the sponsor and institutional requirements. Who am I?
Central Administration
The School of Engineering has really done it this time. I see an 85,000 purchase of a BMW on the award, for supplies - not equipment. How can this be? AHHH!
True story!
Rental costs for an industry grade dehumidifier needed for my lab is considered MTDC, and is excluded from F&A. True or False
False - Rental Cost is only for leased space.
Closeout Process