Financial Reporting for Non-Federal Sponsors Can OSR keep up with the financial reporting demands?
No, not when they start requiring…. • Monthly Reporting • Quarterly Reporting • Reporting on the 10th day of the 7th month • Detailed reporting (names, degrees, detailed supplies, travel details, etc.) • Sponsor Form – Detailed Format • Specific Detailed Sponsor Format
Non-Fed Financial Reporting - At the time of acceptance was OSR consulted to see if we could meet special reporting requirements? - We need your help if you accept financial reporting requirements that are not standard.
Non Federal Reporting - What are Standard Reporting Requirements? • Annual Fin. Reports – Univ. Letterhead • Final Fin. Reports – Univ. Letterhead • Sponsor Format – Summary Level • Standard Reporting - Summary Level • Salaries, Benefits, Equipment, Travel, Supplies, Other, IDC/ISC
All Financial Reports Need OSR Review and Signoff • Departments preparing any financial reports need OSR review and sign off. • Amounts reported must reconcile to our accounting system (Reportmart reports) • We’re here to assist you but we need your commitment to supply the detailed information that the sponsors require.