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111.
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Purchases
from Sponsored Funds |
| |
Business procurement
practices apply uniformly to all funds administered by the
University or Medical Center, whether they be departmental
budgeted funds or sponsored funds. Any funds deposited with
the University bursar is considered University funds and must
be expended according to prevailing University policies.
|
| The
Office of Management and Budget (OMB) establishes certain standards
for use by recipients of federal funds that must be adhered
to. Likewise agencies which make grants and contracts to the
University have rules regarding the allowability of costs of
procurements which must be followed. |
| Equipment
Approvals for Sponsored Accounts , Medical Center : |
| |
Under
$2,500 - no additional approvals required
$2,500- $25,000- Grants officer responsible for the account
$25,000 and over - Greg Raymond, Controller or CFO |
| For
additional information of equipment purchased under sponsored
agreements in Medicine and Nursing, contact the Director, Division
of Research Grants and Contracts. |
| Approval
for Main Campus: All purchase requests ($500 or greater) should
go to the Main Campus Finance Office. For additional information,
contact the Office of Sponsored Programs. |
