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Complete the default allocations.
Delete the default allocations or any other allocations you may have created.
Create new allocations from scratch.
Create new allocations by copying existing ones and modifying the information as needed.
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If funds for all budget years have been awarded at the beginning of the project, you can remove extraneous allocations and reconcile the funds for each period into a single allocation (assuming your institutional accounting practices permit this). |
To complete the default award allocations
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Select the appropriate financial account for this allocation. If you characterize this allocation as Authorized by Sponsor or Advance Account, a financial account is required.
If the sponsor has released funds for this allocation, select Authorized by Sponsor.
Select whether your institution WVU will cost share project expenses for this allocation. If you select Yes, the Budget Reconciliation page will provide a column for entering cost share amounts.
The Cost Share selection can be changed in these types of award modifications:
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Edit the name and other information as needed for the new allocation.
When done, click OK to save the changes.
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If the research team requests the central office to authorize spending before an official award notification is received, or before the sponsor releases funds for a budget period, you can signal users that this is being done by putting the award or award modification into the Advance Account state.
To establish an advance account
From My Inbox or one of the tabs on the Grants Awards page, open the desired award or modification.
Click Edit Award or Edit Award Modification in the workspace.
On the Budget Allocations page edit the desired allocation by doing one of the following:
For awards:
Click Add to create a new allocation.
Click the name of an existing allocation to edit it.
For award modifications:
Click Add to create a new allocation.
Click the [Add] or [Update] link in the Action column to update a default allocation.
Click the Update button under Edit updated allocations to update an allocation that has already been updated from its default instance.
Click the Update button under Edit new allocations to update a newly created allocation.
(See Manage Award Allocations on page 13.)
On the resulting form, select Advance Account.
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Complete or update the other questions as needed, then click OK.
On the Budget Allocations page, click Save, and then Exit.
Initiate a review of the award or modification. (See Initiate a Review on page 22.)
When the assigned approver is satisfied with the award or modification, they activate the award or approve the modification. (See Submit a Final Review on page 24.) This moves the award or modification to the Advance Account state.
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When the Sponsor authorizes funds for a period in which advance account spending was allowed, you should update the award to reflect that.
To update advance spending to authorized spending
Create an NGA Revised award modification. (See Create an Award Modification on page 27.)
Change the authorizations of any allocations that were set to Advanced Account to Authorized by Sponsor.
Once the modification gets approved, click the Activate Advance Account activity on the parent award's workspace. The award advances to the Active state.
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When the amounts awarded by a sponsor differ from the amounts proposed in the funding proposal, as the assigned specialist, you must adjust the award budget accordingly. If an allocation you are reconciling includes cost share, you can account for that at the same time. You can reconcile the budget when you're first setting up the award in the system or afterward. This topic shows the procedure for an award, but it's the same for financial types of award modifications.
To reconcile the award budget
Open the desired award from the Dashboard or the Grants Awards page.
From the award workspace, click Edit Award.
On the Award / Authorized Budget Reconciliation page, select the allocation to reconcile.
A list of budget categories appears.
Note: Only authorized and advance account allocations are available to select. (See Manage Award Allocations on page 13.)
To populate the Baseline column with amounts from the proposal’s budget, click Import ($).
On the Import Budget form, select the budget periods from which to import amounts, and click OK.
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Adjust the imported values in the Adjustments column with positive or negative values until the Difference amount in the page header reaches zero or a positive amount acceptable to your institution.
If the selected allocation includes cost-sharing, a column for adjusting cost share amounts appears in the budget table, as well.
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Note: The system calculates indirect cost by including categories flagged with the dagger symbol in the indirect cost base, then multiplying the base by the indirect rate specified in allocation setup. The indirect cost base specified in allocation setup determines which budget categories show the dagger symbol.
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