Faculty & Staff

As a recipient of grant and contract awards from both U.S. government (USG) and other funding agencies, the University is required to comply with numerous rules and regulations promulgated by those funding agencies. As such, the principal investigator (PI) has important stewardship responsibilities for the grants and contracts that fund international projects under his/her direction.

These responsibilities are laid out in the University’s policy on Principal Investigator Responsibilities for Financial Oversight of Grants and Contracts, available at the University’s Policy Library site.

The most important points to keep in mind are:

• Principal investigators are required to exercise oversight of the financial transactions and financial status of each grant or contract sufficient to ensure that charges are reasonable and necessary, allowable under the terms and conditions of the award, properly allocated to and among multiple awards and funding sources, and limited to the funds awarded for the project.
• Although the PI may delegate responsibility for day-to-day financial management of a grant or contract to others within the department or unit and to a Country or Project Director, the PI must exercise appropriate oversight to ensure that charges to each grant/contract are:
  
  • As they relate to personnel costs, consistent with the effort expended by those working on the grant or contract (see Effort Reporting)
  • As they relate to costs other than personnel, appropriately charged and allocated to the grant or contract
  • Limited to the funds awarded for the project
  • In compliance with USG and University policies and procedures