Dear Colleen:
I like this structure; this is what I used to see in the previous
institutions I have worked before. Would you give me an example of a
specific account for NIH and explains the components as you understand
them?
-----Original Message-----
From: Research Administration List [mailto:xxxxxx@HRINET.ORG] On
Behalf Of Colleen Corcoran
Sent: Wednesday, May 11, 2005 8:14 AM
To: xxxxxx@HRINET.ORG
Subject: [RESADM-L] chart of accounts
We use Oracle grants and financials which tends to be more complex. Our
chart of accounts includes the fund whether restricted or unrestricted,
a high level research center code and high level sponsor information. I
spoke with one of our accountants and she said 11 months out of the year
she doesn't care that they have all that data, until the end of the
fiscal year when she is doing the financial statements and annual
report. Our financial statements show the total expenditures on
federal awards by CFDA number. In our annual report we summarize grants
by sponsor (DHHS, federal other, state, other) but then also break them
down within our research centers and into specific departments. Having
all that detail in the chart of accounts makes these reports much easier
to produce.
Colleen
Colleen Corcoran
Director of Grants and Contracts
Research Foundation for Mental Hygiene, Inc.
Riverview Center
150 Broadway Suite 301
Menands, NY 12204
(518) 486-4244
(518) 474-6995 fax
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