Financial Responsibility for Sponsored Projects Policy Revised

The University at Buffalo accepts external financial support for research, training, and other activities and agrees to comply with the conditions of the support through sound financial management practices. The Principal Investigator (PI), and in part their college or school, is responsible for maintaining the financial integrity of a sponsored project including compliance with all terms and conditions of the award, managing funds within the approved budget, initiating requests for budget and program changes, and submitting technical reports and non-financial project deliverables.

• Add salary overpayments resulting from departmental negligence as a circumstance that may result in an unrecoverable cost
• Add a definition for Sponsored Award
• Add responsibilities for Human Resources and Financial Management

This policy applies to all PIs who administer sponsored projects.

For questions and additional guidance, contact Sponsored Projects Services at 716-645-2646 or awards@business.buffalo.edu.