- The responsibility for monitoring all grant and contract expenditures belongs to you, the Principal Investigator (PI) or Project Director (PD).
- All expenditures must comply with the sponsor's and University's guidelines and be aligned with the approved budget in the proposal application.
- Contracts and Grants Accounting (CGA) recommends that the PI/PD review all expenditures on a monthly basis, at a minimum. It may be necessary for the PI/PD to create an internal spreadsheet to monitor the rate of spending and available balances.
- Helpful Tip: You may receive monthly detail and summary financial reports from your Departmental Administrator.
- Alternatively, there are several reporting tools available for monitoring expenditures on your own:
- Your contact person in CGA can help you determine the best method of monitoring funds.