Date Established: 2/19/2007
Date Last Revised: –
Sponsored Projects Services
Vice President for Research and Economic Development
The Principal Investigator is responsible for the financial management of a sponsored project. The college or school to which credit is assigned for a sponsored project is responsible, in proportion to credit assigned to it, for all costs charged to that sponsored project.
The Principal Investigator (PI) is responsible for the financial management of a sponsored project. This includes being aware of and complying with all terms and conditions of the award, managing funds within the approved budget, initiating timely requests for budget and program changes that may become necessary during the course of the project, and timely submission of technical reports and non-financial project deliverables.
The college or school to which credit is assigned for a sponsored project is responsible, in proportion to credit assigned to it, for all costs charged to that sponsored project. Costs charged to a sponsored project that Sponsored Projects Services (SPS) determines will not be recovered from the sponsor will be transferred pro rata to credited entities. Any of the following circumstances may result in an unrecoverable cost:
In the event that a college or school does not move an unrecoverable cost from a sponsored project in a timely manner, SPS will move the cost to the college or school indirect cost recovery allocation.
This policy assigns responsibility to the PI for ensuring that only reasonable, allocable, and allowable costs are charged to sponsored projects. It also requires the timely removal of unreasonable, unallocable, unallowable, and uncollectible costs from sponsored projects.
This policy applies to the financial management of all sponsored projects.
Credited entities are the units, colleges, or schools to which a sponsored project is assigned. A sponsored project may be assigned to multiple units.
A University at Buffalo (UB) faculty or staff member who bears responsibility for the intellectual leadership of a project. The PI accepts overall responsibility for directing the research, financial oversight, and compliance with relevant university policies and sponsor terms and conditions.
Any externally funded research, training, evaluative testing, or public service project directed by UB faculty or staff as part of their university work that requires the university to perform a specified program or deliver a specified product.
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