Monitoring Expenditures

2016 Jul 25

OBI Training

Registration Closed 1:00pm to 3:30pm

Location: 

Cambridge, Northwest Science Building, Northwest Lab B129

Description: This session will introduce participants to the NEW Grants Management Reports available in OBI (Oracle Business Intelligence).  The Period Expenditure Report (PER) replacement, the Grants Financial Dashboard will be the focus of the session with attention also being given to the Invalid Code Combination report and the Sponsored Accounts Report.  Tips and tricks about how to customize and best use OBI for your needs will also be covered. Please note that CREW will sunset as of 11/1/2016, so it is critical that Grant Administrators learn how to use...

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Registration: 

2016 Jul 18

OBI Training

Registration Closed 1:00pm to 3:30pm

Location: 

Cambridge, Harvard Northwest Science Building, Northwest Lab B129

Description: This session will introduce participants to the NEW Grants Management Reports available in OBI (Oracle Business Intelligence). The Period Expenditure Report (PER) replacement, the Grants Financial Dashboard will be the focus of the session with attention also being given to the Invalid Code Combination report and the Sponsored Accounts Report. Tips and tricks about how to customize and best use OBI for your needs will also be covered. Please note that CREW will sunset as of 11/1/2016, so it is critical that Grant Administrators learn how to use OBI Grants...

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OMB Uniform Guidance

Page created: 2/27/14
Last updated: 7/12/2018

The Office of Management and Budget “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards; Final Rule” was made effective December 26th, 2014. (2 CFR Chapter I, Chapter II, Part 200, et al.).  Per the OMB, “The Guidance...

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Monitoring Expenditures

Regular Monitoring

Reconciling accounts on a regular basis will help you to manage your sponsored funds to ensure that expenditures and revenues are within appropriate limits and guidelines. More information on limits and guidelines can be found on the appropriate sponsor websites and in the Uniform Guidance.  Regular monitoring of your sponsored accounts helps to:

  • Ascertain...
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Auditing

Federally Sponsored Accounts

The Office of Management and Budget (OMB) Uniform Guidance Subpart F requires an annual external audit of non-profits receiving federal funds. A sample of federal awards and their direct cost transactions are selected for testing (auditing) to determine that expenditures and procedures were appropriate, allowable, and allocable to the award. Specifically, that they were:

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