VCU has no institution-wide, organized, reserve for disallowances.

Institution policy is that the department in which the project was operated
is responsible for disallowances.  We have few, and most of them are small,
resulting from small errors.  Should we have a really big one, there'd be
central action of some sort, resolved on a case-by-case basis.

Chuck

At 09:33 AM 2/18/99 -0800, you wrote:
>Like many others we set aside a part of our indirect cost revenues for a
>reserve for disallowances.
>The question being asked here is, how much is enough?
>We currently have about 2% of annual grant expenditures in our reserve.   We
>are a comprehensive non-PhD institution; our grants volume per year is just
>under $10 million.
>How big a reserve do other institutions carry?
>We would like to hear some examples, suggestions, ideas, and war stories.
>Thanks.
>
>Stuart A. Ross
>Director
>Grants and Contracts
>California State University, Fullerton
>xxxxxx@fullerton.edu
>714 278 2106
>
>
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Herbert B. Chermside, CRA
Director, Sponsored Programs Administration
Virginia Commonwealth University
PO BOX 980568
Richmond, VA  23298-0568
Express Delivery Only:
 Sanger Hall, Rm. 1-073
 11th & Marshall Streets
 Richmond, VA  23219
Voice:  804-828-6772
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OFFICE e-mail   xxxxxx@VCU.EDU
Personal e-mail xxxxxx@vcu.edu
http://views.vcu.edu/views/ospa/

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