Advance Accounts: Sponsored Research has changed the allowable period for advance accounts (formerly prespend) from 120 days to up to 12 months, effective March 1, 2024. PIs may request advance accounts for new awards through the end of the anticipated budget period (not to exceed 12 months), or the sponsor’s limit, whichever is shorter. This change creates the ability to place charges on the appropriate account and allocate salary correctly, and thus should reduce cost transfers.
Quarterly Deficit Report: Beginning in March, ASRSP will produce quarterly deficit reports for departmental review and resolution. ASRSP Compliance will send research administrators an email notification including a link to their report on SharePoint, with a request for resolution within 10 business days. A deficit (or overdraft) is considered an unallowable cost and should be removed immediately upon discovery.
ASRSP Training: ASRSP staff is pleased to announce an overview of Cost Allowability Training Session on Wednesday, April 3rd from 10:30am-12pm. This will be a hybrid event, taking place in Baldwin Auditorium on the Chicago campus and online. Please register for the training
here.
Effort Certification: The first semi-annual effort certification cycle for FY2024 will begin in the coming weeks. Department administrators can take the following steps to prepare: