To: Post-award administrators in public or private institutions.

My office is reviewing our accounting (revenue collection and posting)
procedures for handling conference fees and other "revenues," which are
integral parts of some federally sponsored projects. My questions follow:

1. Do you post revenues to the sponsored project account or do you use a
different account to post the revenues?

2. If you post revenues to accounts other than the project account, how do you
account for revenues and expenditures from the "revenue" account to the
sponsor?

3. When accountability for revenues is required by the sponsor, is it the
responsibility of the academic department or the institution's post-award
accounting office (or both)?

4. Have you ever had problems with a sponsor relating to accountability for
conference fee or other "revenues" that arise from sponsored projects?
If so, please describe the problem and how it was resolved.

On another subject, I want to thank those of you who responded to my questions
about "Fixed Price Contract Windfalls."  I am still interested to hear
from other members of this group who have experienced this problem.

Thank you.

Eric Carter, Mgr.
Contract & Grant Accounting, UMCP
Tel. 1-301-405-2614
Fax  1-301-314-9889