OGC News - June 2021
Financial Services ConnectionJun 15, 2021
Last month, OGC PostAward hosted a Team Talks related to Project and Award Closeouts.
Information was shared related to project and award closeouts. If you missed this presentation, please visit the OGC website. Some highlights of the topics covered were Past Due Closeouts and NIH Closeout Guidance.
We have all been working very hard both within OGC and with our department partners to close all historical projects. With this we have set some deadlines. All projects ended in 2018 should have been closed May 31, 2021. All projects with 2019 end dates need to be closed by 11/30/2021. After that we will be working to close all projects no later than 180 days past their end date. We are seeing great progress towards these deadlines and want to thank everyone for their participation and hard work towards these goals.
NIH also continues their work to improve their closeout process and crack down on late expenses and reporting. The most recent actions include a hard stop of drawing for expenses at the end of a project period. The slides contain additional links and information.
Please reach out to OGC contacts for any additional questions or clarifications.
Treatment of Fringe Benefits
The fringe benefit rates to be used for budgeting purposes on sponsored project proposals have been updated. The new rates should be used for budgeting purposes on proposals with deadline dates falling on or after July 1, 2021. These rates apply to proposals developed for both CU Denver and the Anschutz Medical Campus.
Remember two important things:
- Both campuses still charge benefits based on actual costs and not the budgeted rates.
- Fringe benefits are treated as direct costs.
Please use the personnel categories that are the most accurate for your proposed budget to create a more precise proposed budget. The rates include all fringe including non-payroll fringe termination pay, worker's comp, unemployment, and retiree health.
Please take a moment to visit and bookmark the newly launched website featuring limited funding opportunities.
IMPORTANT – REGARDING SUBMISSION TO THE OPPORTUNITIES BELOW:
Interested candidates must send a one-page summary of their research proposal and their biosketch in pdf format via the Limited Submission Portal.
Upcoming OGC OpportunitiesComing Soon! OGC will be posting two positions before July 1. If you or someone you know are interested in a PostAward Administrator position, please be watching for the listing in CU Careers.
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