Project Administration

A primary responsibility of the Restricted Funds Division is the fiscal administration of the grants and contracts awarded to the University by Federal and other sponsors. By accepting awards from these agencies, Columbia agrees to comply with the various regulations governing expenditures and expenditure reporting.

Restricted Funds does not monitor or otherwise review individual transactions charged to grant and contract accounts. The appropriateness of transactions as they relate to specific grants and contracts rests with the Principal Investigator and/or others with delegated responsibility.

Among the tasks related to grant and contract fiscal administration performed by Restricted Funds are:

• Audits
• Billing & Collection
• Account Closeouts
• Financial Reporting