Office of the Comptroller

Grants Accounting

Grants Accounting processes the financial transactions of grants and contracts that have been awarded through Research and Sponsored Programs. The funds are sometimes referred to as "Restricted Fund" accounts because they have been awarded for a specific purpose, with a restricted budget. They are governed by a variety of laws, regulations, and guidelines promulgated by the University and other state agencies, which are responsible for the operation of this institution.

In addition, sponsoring agencies develop their own rules and regulations. These regulations range from zero governance by certain private sponsors to very complex regulations such as those described in the U.S. Office of Management and Budget Circulars A-21 and A-110 which are implemented according to the dictates of the several federal granting agencies.

, (309) 438-3290, is the Grants Accounting Director, and is located in Hovey Hall 105.

Other staff members in Grants Accounting include:

Staff member
Phone number
Duties
(309) 438-2267 Budget reviews, budget transfers, expense transfers.
(309) 438-3958 Budget reviews, payroll and fringe benefit issues, two-party agreements
(309) 438-5694 Budget reviews, subcontracts, financial reports for agencies, cost-share confirmation
(309) 438-5674 Processes invoice vouchers
(309) 438-5736 Budget reviews, budget transers, expense transfers, and Time & Effort reporting.
(309) 438-5131 Budget reviews, building new accounts and budgets, budget transfers, expense transfers.

See University Policies, Procedures and Guidelines 7.4.1 Grants and Contracts for more information.

Grant Information Letter

The most common tasks for Grants Accounting are