The Office of Sponsored Programs (OSP) processes incoming sponsored project awards (i.e. grants and contracts) and coordinates closely with Sponsored Projects Accounting to “activate” award accounts. During the award activation process, OSP confirms that:
- Appropriate research compliance documents are on file (ex: IRB or IACUC approvals);
- The University can comply with award terms and conditions;
- Awarded funding matches internal budgets and provides reimbursement of appropriate indirect costs;
- The appropriate departmental and school approvals have been obtained; and,
- Agreements and documents requiring University signature are signed.
Once OSP has completed its review and acceptance of a new award, OSP notifies SPA in MyFunding to create a unique restricted account to track project expenditures and financial compliance.