Teri,

Yes, we apply the fixed price residual policy across board for both federal and nonfederal funding.  Prior to transferring any residual funds from the sponsored project account we require the attached form to be completed and signed by the PI's department head.

Kaaren
_______________________________________
Kaaren J. Downey  |  Executive Director   
West Texas A&M University  |  Office of Sponsored Research Services
WTAMU Box 60217 | Killgore Center | Room 178
Canyon, TX 79016-0001
Phone:  806.651-3554  |  Fax: 806.651-3555  |  xxxxxx@wtamu.edu
wtamu.edu/srs

-----Original Message-----
From: Research Administration List [mailto:xxxxxx@lists.healthresearch.org] On Behalf Of MaryTherese Kocevar
Sent: Monday, August 17, 2015 10:42 AM
To: xxxxxx@lists.healthresearch.org
Subject: [RESADM-L] Residual income

Good morning,

I am trying to implement a residual policy.   For those who have the policy can you tell me do you apply this policy consistently to fixed agreements that are federal and nonfederal?   Is your main reason  for reviewing residual balances to ensure proper cost principles were used to build the budget? And, large residuals call into play  proper costing?  Finally, did time and effort affect your policy as large balances can indicate not properly charging the PI time and one could assume the effort for this project was charged to another grant/project

Thank you!

Teri Kocevar
Director
Sponsored Programs
CSU

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 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.healthresearch.org (click on the
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 A link directly to helpful tips:  http://tinyurl.com/resadm-l-help
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