G/L ACCOUNTS
99XXXX: Sponsored Programs - Special G/L Accounts
I. GENERAL
Only the Sponsored Programs department will make entries
on these G/L accounts. Entries to these G/L accounts
are not made in the General Ledger - only in Sponsored Programs'
Grants Management system. However, these G/L accounts will
appear on financial reports of Restricted funds that have awards.
099700 Obligation Moved Forward(Valid For: Closed)
This G/L account is used to record the award amount for outstanding obligations moved from an expired cost object to the project's continuation cost object.
099800 Restricted Amount(Valid For: Closed)
This G/L account is used to reduce the award amount on an expired grant for the amount of any unexpended award. It is also used to reflect amounts not received yet in cases of incremental award payments.
999700 Reported Direct Cost(Valid For: DUHS, Univ)
Represents the total direct cost reported to the funding source of a sponsored program. The amount is recorded in the award file and is offset by an entry to G/L account 999900. This G/L account is to be used by personnel in Sponsored Programs when expenses on a sponsored program have been finalized and the cost object can be closed.
Represents the total indirect cost reported to the funding source of a sponsored program. The amount is recorded in the award file and is offset by an entry to G/L account 999900. This G/L account is to be used by personnel in Sponsored Programs when expenses on a sponsored program have been finalized and the cost object can be closed.
Represents the amount necessary to offset entries made to G/L accounts 999700 and 999800. This code is to be used by personnel in Sponsored Programs when expenses on a sponsored program have been finalized and the cost object can be closed.
