The College Business Office is responsible for processing and recording all financial matters relating to budget, revenue and expenses. Steps in the post-award process:

1. The Grants Development Office will send a Grant Set-Up Form to the College Business Office
2. College Business Office will set up the accounting codes for the grant
3. College Business Office will review the budget and other business office requirements
4. College Business Office will send the completed Grant Set-Up Form back to the Grants Development Office
5. The College Business Office will load the budget into Banner

Any budget adjustments to the budget must be initiated by the Grants Development Office. If, for any reason, an expense was assigned to the incorrect accounting code, the Principal Investigator will fill out a Budget and Expense Transfer Request form. This form must be signed by the Requester, the Dean and the College Business Office.

In addition, transactions that are considered unallowable costs under the existing grant award documents will not be processed.

The Chief Financial Officer is responsible for adopting sound accounting policies and for establishing and maintaining internal controls that will, among other things, initiate, authorize, record, process, and report transactions (as well as events and conditions) consistent with the College’s assertions embodied in its financial statements.