Budget Adjustments
Throughout the life of the grant, budget adjustments may be required. Any requiring sponsor approval must be routed through OSP. Accounting Services and OSP will review certain budget revisions to ensure proper approval was received or IDC was adjusted correctly.
- Any additions of capital equipment that was not in the original budget must have sponsor approval.
- Any budgeting of foreign travel must have institutional approval per HSC OP 79.04 and state how it is related to the work of the sponsored project.
- Transfers in or out of a sponsored project fund are normally not allowed. All revenues and expenses related to the project should remain in the project fund for proper accounting and reporting.
Other items checked closely for approval and allowability are additions of scholarship, adjustments to subcontracts, food and entertainment, IDC, and increases or decreases in revenue.
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Contact
Accounting Services
-
Address:
3601 4th Street STOP 6274 | Lubbock, Texas 79430-6209 -
Phone:
806.743.7826 -
Email:
hscacc@ttuhsc.edu