Sponsored Financial Reporting
Sponsored Financial Reporting (SFR) is an institutional unit that is part of the Controller's Office.
Many steps in the Sponsored Financial Reporting business processes are completed cooperatively between university departments and SFR staff accountants.
- Preparing and submitting financial reports and invoices: SFR staff accountants work with Principal Investigators and Department Administrators to prepare sponsor required financial invoices and reports. Invoices and reports are prepared based on the frequency and due date requirements established by the sponsor and written in the award documents.
- Receiving revenue: SFR collection representatives follow up with the sponsor on all past due invoices to ensure receipt of payment on invoices and work with both sponsors and acadeimic departments on quality or quantity issues related to non-payment.
- Award closeout: SFR closes all sponsored awards in the financial system once the award is over, all spending is complete, and all payments received.
- Audits: SFR coordinates sponsor, state and federal financial audits including the Annual Uniform Guidance (Single) Reports of expenditures of federal awards. They provide information for the University's annual reports, supplemental schedules and consolidated financial statements.
Frequently Asked Questions
Closing a sponsored award in Peoplesoft Financials is a joint effort between SFR and the academic departments. SFR has created a checklist (pdf) as a tool to facilitate the close out process.
The University generally has 90 days after the award end date to submit the final financial report. To meet that deadline all transactions should be processed by the department within 60 days of the end date so that the final financial report can be prepared by SFR and reviewed by the PI and department.
When the University is a subrecipient on an award, the University has 60 days to submit a final report/invoice to the pass-through institution. For these types of awards departments would have less than 60 days after the end date to process transactions.
PeopleSoft Financials will not allow any transactions beginning at 90 days after the end date. If for some reason there is activity that belongs on a sponsored project but the deadlines have passed, contact your SFR accountant as soon as possible.
See this job aid (doc) that shows how to look up the SPA Grant Administrator or SFR Accountant in EFS.
McNamara Alumni Ctr
Number of days following award termination that departmental review of financial reports and financial draw/invoice submissions are due back to SFR:
- USDA - Food and Nutrition Services - 81
- NASA - 80
- USDE - 55
- Other federal letter of credit sponsors, including DHHS and NSF - 85
- All other sponsors: 5 days before the due date stipulated in the award's terms and conditions
Business Processes & Functions
AR01 Item entry
AR02 Payment Entry, incl Lockbox, Dept Deposits
AR04 Payment Application, incl Payment Predictor
AR06 Collections, incl Customer Correspondence
AR07 Analyze Receivables, incl Aging
AR08 Item Maintenance
AR09 Sales Tax Reporting
AR10 Merchant Card Processing, incl PCI DSS
AR11 AR Maintenance
AR80 Batch Processing
BI01 Customer Maintenance
BI02 Create Bills
BI05 Finalize and Print
BI06 Adjust Bills
BI08 BI Maintenance
BI80 Batch Processing
Grants, Projects, Contracts
GPC01 Award Close Out
GPC03 Establishing Sub recipients
GPC04 Grants Analysis
GPC05 Grants Maintenance
GPC06 Management Reports
GPC08 Managing Award Billing
GPC09 Managing Awards
GPC11 Managing Financial Reporting
GPC12 Managing Program Income and TIP
GPC13 Modifying Awards
GPC14 Preparing Proposals, incl EGMS
GPC80 Batch Processing
GPC99 Nonsponsored Projects
GPC99 Sponsored Budget Inquiry