Financials (Post-Award)

The post-award process empowers the Office of Research and Sponsored Programs (ORSP) to uphold and continually improve an efficient management system. This system ensures ongoing financial compliance monitoring for all sponsored programs granted to the University of Arkansas - Fort Smith, as mandated by federal, state, and local governments, businesses, and foundations.

Finance and accounting will perform the following services in support of OSRP's post-award process.

• Set up new grant cost centers and cost sharing.
• Invoice sponsors of grant awards.
• Prepare financial reports required by sponsors.
• Maintain effort certification system.
• Provide guidance on cost principles of sponsored programs.
• Establish and monitor service center recharge rates.
• Negotiate Facilities and Administrative (F&A) rates with the Department of Health and Human Services.
• Calculate and distribute monthly F&A costs to sponsored programs.