OSP Newsletter
Office for Sponsored Programs
In This Issue
Have you heard? Subaward or Consulting Agreement?HHow to process summer salary
Upcoming A-133 Audit Two new programs from the National Institutes of Health
Upcoming Training and Seminars
InternalOSP Spring Workshop
Wednesday, April 11, 2007
McElroy Conference Rm
10-12
more information
External
NCURA Region I
Spring Meeting
May 6-9, 2007
more information
Useful Links
PeopleSoft Financials
Accounts Payable
Procurement Services
Human Resources
BC Policies and Procedures Manual
Contact Us
OSPnews@bc.edu
Have you heard? OSP has reorganized.Since last December, OSP has been working diligently to reinvent itself into a more responsive and efficient operation. Staff members have been training and cross-training, analyzing processes, developing new processes and restructuring into teams. OSP is now in the "testing" phase of the reorganization and will fully implement its new operation at the beginning of the new BC fiscal year on June 1, 2007.
The new structure has brought staff expertise in pre-award and post-award administration together into one "Sponsored Project Administration Team." There are three teams made up of two OSP staff members. Each team is responsible for a portfolio of schools, departments, centers and institutes. The teams will provide advice, guidance and support to faculty, researchers and departmental administrators on all sponsored project administrative functions from proposal submission to award closeout. The new structure also includes an additional team to provide technical assistance to OSP staff on PeopleSoft Financials and reporting. more
Subaward or Consulting Agreement?
OMB A-133 Audit Circular defines a subrecipient as "a non-Federal entity that expends Federal awards received from a pass-through entity to carry out a Federal program, but does not include an individual that is the beneficiary of such a program." In this context, a subrecipient does not include individuals or vendors. Individuals are considered consultants and vendors are entities that provide goods or services. more
How to process summer salary
- Summer salary is paid to faculty members who are working on grants during the months of June, July, or August.
- Monthly summer salary rates cannot exceed 1/9 of the 2006/2007 academic year salary.
- Summer salary must be paid on a "summer salary" ECR. If receiving summer salary for the first time a hire form must be processed. more
Upcoming A-133 Audit
OMB Circular A-133 is the Federal government policy requiring an annual independent audit of institutions of higher education spending $500,000 or more in federal awards during a fiscal year. The Office for Sponsored Programs has been notified that auditors from PricewaterhouseCoopers (PwC) will arrive at the end of April to begin testing for the FY2007 A-133 audit.
PwC will select transactions on a number of grants and contracts. Their review will include payroll, equipment, travel, consultant, and other direct cost charges. PwC will also test other compliance areas such as cost transfers, award documents, reporting, cash management, and time and effort reporting. more
Two new programs from the National Institutes of Health
The 2007 NIH Director's New Innovator Awards (DP2)
The New Innovator program extends the concept of the NIH Director's Pioneer Awards to support new investigators of exceptional creativity who propose innovative approaches that have the potential to produce an unusually high impact on significant problems in biomedical and behavioral research. The NIH Director's New Innovator Awards will provide grant support to highly innovative new investigators who have not yet obtained a traditional R01 grant. more