Reconciling accounts on a regular basis will help you to manage your sponsored funds to ensure that expenditures and revenues are within appropriate limits and guidelines.
If help is needed obtaining a detailed report for a grant account please call either the Office of Sponsored Programs or Krystal Thompson.
After a grant or contract has been awarded, the PI may determine that the approved budget allocations are not consistent with actual project needs. S/he may request the formal reallocation of funds from one spending category to another category that better reflects the project requirements. This process is called re-budgeting or budget revision.
All re-budgeting should be reviewed by OSP and may require formal approval from the sponsor.