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Guidelines
NCBA GUIDELINES
FINANCIAL RESPONSIBILITY
A. 1) Committee agrees to pay the total amount
of funding approved to the financial official of the University,
for the “designated period”.
2) Any modification of this Memorandum shall be valid only if evidenced
by a written document signed by all parties to the Memorandum and
approved by Committee.
B. Disbursement of said funds will be made by
the financial official of the University in accordance with the
fiscal policies in force at the time of the award.
C. Fund transfers in excess of ten percent (10%)
of any one general budget category (per designated period) or any
fund transfers involving travel expense cannot be made without
a written request from the Principal Investigator to NCBA and a
written consent from Committee. However, NCBA must be notified
of any budget reallocations and all budget reallocations must be
noted/accounted in the annual financial report.
D. 1) No equipment shall be purchased with funds
provided by this Memorandum.
2) No institutional overhead will be paid with funds provided pursuant
to this Memorandum.
3) No salaries for Principal Investigators will be paid with funds
provided pursuant to this Memorandum.
E. Within thirty (30) days (not later than 60
days) of the end of the designated period approved for funding,
the institutional officer in charge of financial records will provide
NCBA with a statement of expenditures which shall disclose expenditures
as of the last day of each designated period. |
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