The Contracts and Grants Division is responsible for advising appropriate University officials on matters relating to Federal and State laws, Board of Regents, and University rules, regulations, and policies pertaining to fiscal management of contracts, grants or agreements. The Division is responsible for insuring that the business interests of the University are protected in the terms of proposed agreements and throughout the operation of such agreements. The Division is also responsible for determining that the University complies with all provisions of contracts, grants, or agreements entered into with outside companies or agencies.
The Division in conjunction with the Accounting Division will propose and negotiate all University and staff benefit rates to be used on all contracts, grants, or agreements. The Division will be responsible for maintaining auditable records in support of direct and indirect charges to contracts, grants, or agreements, and for preparing and filing fiscal reports required by grantor agencies or companies.
The Division will be responsible for billing and collecting costs incurred on cost reimbursement contracts, and for requisitioning funds on contracts or grants funded by letter of credit.