How do you other institutions handle surplus funds on
interest bearing awards when the surplus is due to
interest.   Example:   award for $100,000 plus $5,000
interest to be used to support the project.   Total costs
are $103,000.

Do you return the remaining $2,000 to the agency or do you
keep for the institution?

Thanks for your help.

Jeanette Pastelak
Director, Grant & Contract Accounting
Temple University
1805 N Broad Street  (038-17)
Philadelphia, PA  19122
Phone:  (215) 204-1315
Fax:   (215) 204-5363
Email:xxxxxx@temple.edu
http://www.temple.edu/controller/grant_accounting/

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