Residual Funds from Sponsored Projects
Effective 10/5/2015, Residual Projects will be established in Fund 212 and managed by C&G Accounting. DSP will not be involved in any set up or management of projects in fund 212 projects.
Contracts and Grants Accounting as part of the closeout process of a fixed price agreement will transfer residual balances into a PI’s project in fund 212. If a new project is required, C&G will facilitate this as part of the closeout process. The funds can be used to support costs of the PI’s research and training programs.