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Financial Reports to PIs Doug Wilkerson, Ph.D., Med. Col. of Ohio 24 Jun 1994 06:58 EST

 In response to Dan Snyder's questions concerning the above topic:

1.  Name and dollar amount of grants/contracts of organization?
 a.  Medical College of Ohio - a free-standing, state supported,
 health science center.  Almost exclusively biomedical research.
 b.  FY93 (7/1/92-6/30/93) awards of $13.5 M
2.  How often do PIs receive financial reports?
 Monthly
3.  Do PIs have line to financial data on-line via computer? No
4.  What is PIs satisfaction with current reports? LOW
5.  Do you plan to change financial reports to PIs? YES
 How?  We are developing a system which will provide more user friendly
 reports (including projections) at any time, upon request.
 This institution has separate (and non-integrated) accounting, payroll
 and purchasing systems, so data in the accounting system are not always
 as up-to-date as one would like.  In fact, they are probably up-to-date
 only one day per month.  The system under development will allow this
 office to provide reports to supplement the monthly reports sent to
 PIs by the accounting department, which handles grants accounting, but
 its utility will obviously be a function of the quality and timeliness
 of the data we download from the mainfram to create the report.
 Unfortunately, we are a long ways away from a fully electronic
 system where, when a PI orders a widget the cost of the widget is
 immediately subtracted from his "bottom line" and he is immediately
 able to see his new balance.

Doug Wilkerson, Ph.D.           VOICE:  (419) 381-4252
Assoc. V.P. for Research        FAX:    (419) 381-4262
Medical College of Ohio         e-mail: xxxxxx@CUTTER.MCO.EDU
3000 Arlington Ave.
Toledo, OH 43614