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. They 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.