Re: Accounting for Clinical Trials Herbert B. Chermside 31 Oct 2003 15:04 EST
Yes, "you know it when you see it". A look at the actual charges will usually pretty clearly indicate if the PI has failed to charge to this project costs that reasonably apply to it. A big giveaway is no PI effort, or way too little effort. You have to watch out for the researcher who charged real costs of this project somewhere else, in order to build up a nest egg. Your policy of who gets the surplus and how it may be used might affect people's behavior in this arena. And carefully consider if the project was agreed to at less than full F&A; if so, you may want a policy that takes the F&A difference off the residual before making it available for other research and education uses. Having a little surplus indicates good, conservative budgeting. Having lots, especially if it is consistent, suggests making a "profit", which a non-profit should not consistently do. Chuck At 02:05 PM 10/31/2003, Doug Wilkerson wrote: >How much Residual is too much??? After your PI certifies that he/she has >paid all internal and external bills (and you verify this however you can) >and you have a "release" from the sponsoring company saying that they are >satisfied that you have delivered everything that you promised, what >percentage of the revenues would you expect (and be comfortable with) >being left in the study account? Is 10% OK? How about 30%? How about >70%? OR, is too much like pornography "you know it when you see it"? > > > > >Doug Wilkerson, Ph.D. Phone: (419) 383-4252 >Assoc. Vice Pres. for Research Fax: (419) 383-4262 >Professor of Pharmacology E-mail: xxxxxx@mco.edu >Research & Grants Admin. Web: www.mco.edu/research >Block Health Sci. Bldg., Rm. 148 >3035 Arlington Ave. >Toledo, OH 43614-5804 > > >====================================================================== > Instructions on how to use the RESADM-L Mailing List, including > subscription information and a web-searchable archive, are available > via our web site at http://www.hrinet.org (click on "Listserv Lists") >====================================================================== Herbert B. Chermside, CRA Director, Sponsored Programs Administration Virginia Commonwealth University PO BOX 980568 Richmond, VA 23298-0568 Express Delivery Only: Biotech One, Suite 113 Virginia Biotechnology Research Park 800 East Leigh Street Richmond, VA 23219 Voice: 804-828-6772 Fax 804-828-2521 OFFICE e-mail xxxxxx@VCU.EDU Personal e-mail xxxxxx@vcu.edu http://www.research.vcu.edu/ospa.htm ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.hrinet.org (click on "Listserv Lists") ======================================================================