Changes Impacting the Financial Management of NIH Awards
Published September 11, 2013 by OSP
The 2014 federal fiscal year beginning October 1, 2013 will bring changes, as described in NOT-OD-13-112, to the way institutions are reimbursed for expenditures on NIH grants. NIH is transitioning payments for grant awards to subaccounts, which means payments will be made on individual grants instead of all grants pooled together.
This will change the way UTHealth handles projects in FMS for current NIH awards and non-competing continuation (Type 5) awards. NIH will issue all non-competing (Type 5) awards as Type 4 awards (funded extension awards). This will require new projects to be established in FMS for existing awards.
Sponsored Projects will discuss NOT-OD-13-112 at the next AURA meeting on Wednesday, September 25th, 10:00 a.m., MSB2.135 and recommend all post award administrators attend. If you are remote and wish to join via interactive video have your IT person contact email@example.com.