Primary responsibility of the Sponsored Projects Finance Division is the fiscal administration of the grants and contracts awarded to the University by Federal and other sponsors. By accepting awards from these agencies, Columbia agrees to comply with the various regulations governing expenditures and expenditure reporting.
Sponsored Projects Finance does not monitor or otherwise review individual transactions charged to grant and contract projects. The appropriateness of transactions as they relate to specific grants and contracts rests with the Principal Investigator and/or others with delegated responsibility.
Among the tasks related to grant and contract fiscal administration performed by Sponsored Projects Finance are:
- Billing & Collection
- Project Closeouts
- Financial Reporting