Wait - what was that word you used.  It started with RET...
No, I'm sorry, that's not in my vocabulary.

Don't RET... It unless the award says so.

Joni

Jon Hart, M.P.A., C.I.P.
Senior Director
Office of Sponsored Programs Administration
Human Subjects Protections Program
The Rockefeller University
email:  xxxxxx@mail.rockefeller.edu
Tel:  (212) 327-8054; fax:  (212) 327-8400

-----Original Message-----
From: Research Administration List [mailto:xxxxxx@HRINET.ORG] On Behalf Of
Jeanette Pastelak
Sent: Friday, January 27, 2006 4:23 PM
To: xxxxxx@HRINET.ORG
Subject: [RESADM-L] Interest on Foundation awards

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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