RAMAround! - Local Discovery Global Impact OSP. Child- vs Sub-Accounts May 25, 2016 Laura Streit...
Transcript of RAMAround! - Local Discovery Global Impact OSP. Child- vs Sub-Accounts May 25, 2016 Laura Streit...
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RAMAround!May 25, 2016
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Round TablesPI Manual
Roles and Responsibilities
Professional Development/Training
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Keck Foundation and Managed Sponsors
Peter Hartman
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Effort Reporting• Current system:
• Payroll generates reports 4 periods/year
• Reports are sent to business officers in colleges/units
• Reports are printed and then distributed to certifiers
• Business officers work with certifiers to either sign forms, certifying that the effort report is correct, or produce PPDAs to assign costs correctly• If a PPDA is required, then the effort report is NOT signed. Payroll generates a
corrected effort report. No effort report should be signed if it is not correct.
• If an effort report has been certified by mistake, a recertification must be done
• Effort report is returned to HR and logged in spreadsheet
• Unreturned effort reports generate emails on a monthly basis
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Effort Reporting – High Risk Areas
• Effort reports are auditable documents
• Salary and wage expenses typically represent more than 70% of all direct costs charged to sponsored projects
• Salary cost transfers (PDDAs) are directly linked to effort audits
• Risks of non-compliance are high• False Claims Act Liability• Direct cost refunds• Jeopardizes future funding• Possible criminal charges
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PDDAs and Other Cost Transfers
• Principal Investigators often don’t understand the issues associated with incorrect effort reports. This may help explain:
• https://www.youtube.com/watch?v=HaIOpnqwMWg• David Mayo, California Institute of Technology
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Effort Reporting – Planning for the Future
• INSTAR and Uniform Guidance Committee recommendations under consideration:• Move from 4x/yr certification to 3 (by semester)
• Limit to federal accounts only
• Look at e-system (KFS Effort Reporting module)
• Move responsibility for monitoring from Payroll to OSP
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Child- vs Sub-AccountsMay 25, 2016
Laura StreitAshley Stahle
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DefinitionSub-Accounts are created to allow for tracking of financial activity within an account to a finer level of detail and takes on the attributes of the main account. Each sub-account can use all of the object and sub-object codes available to the specific account it was set up for (FPI 1-1.D)
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Advantages of Using Sub-Accounts
• Fewer cost transfers
• Fewer approvals required from OSP for adjustments
• Department creates their own sub-accounts and will no longer need to wait for a child account(s) to be set up
• Award changes only require updating to one account rather than multiple accounts
• Sub-accounts roll up all the expenses into the same 53
• Department/College has the ability to correct expenses charged to the wrong sub-account quickly using the ‘KFS Intra-Account Adjustment’ document
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Considerations of Using Sub-Accounts
• Sub-accounts carry the same attributes of the main or parent account – changes cannot be made to IDC, PI, etc.
• KFS workflow for approvals will flow up to the lead unit’s Fiscal Officer
• Currently, Symphony does not pull in sub-accounts
• Sub-accounts are not reflected in RPS separately
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When to Use
Child Accounts• Sponsor requires separate
accounting/reporting of budget/activity
• Sponsor has restrictive participant support
• Different F&A rates
• Supplemental funding that requires separate accounting
• When Prior Approval is required for carry forward
Sub Accounts• Track financial activity to a finer level
of detail• By personnel or task order, for example
• Sponsor does not require separate reporting
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Training/Resources• FPI 1.1 http://busfin.colostate.edu/fpi/1_group/FPI%201-
1%20Accounts.pdf
• Sub-Accounts vs Sub-Objects http://kuali.colostate.edu/documents/SubAcctsSubObjectsV1.1.pdf
• Kuali Basics http://busfin.colostate.edu/cs/training/KualiBasics.pdf (pg. 14)
• Account Create http://busfin.colostate.edu/cs/training/Account%20Create%203.10.14.pdf
• How Do I Create a Sub-Account? http://kuali.colostate.edu/documents/SubAcctCreate.pdf
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Subaccounts/Child Accounts
Ashley Stahle
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RICRO Exciting News!Karen Dobos
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Updates
• Draft guidance on computer purchases
• FLSA
• Listserv for RAMAround
• Kuali
• Committees
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• Outreach Activities• Linda Loing - OSP
• Tracey Trujillo - OSP
• Diane Barrett – OSP
• Karen Dobos - RICRO
• Professional Development/Training
• Tracey Trujillo - OSP
• Sheila Durnil - OSP
• Lisa Anaya-Esquibel – OSP
• Maura Link – ARBL
• Cathy Smith – Engineering
• Dana Schwartz – CVMBS
• Christy Conrad - CVMBS
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• PI Manual • Bill Moseley - OSP• Jennifer Dean - OSP• Julie Harvey - OSP• Ashley Stahle - OSP• Kelly Belden - OSP• Becky Burke - Engineering• Staci Folot – CVMBS• Agnie Branson – Engineering• Karen Dobos – RICRO• Becky Trentlage – CVMBS• Francey Aubuchon - Engineering
• Website• Claudia Amos - OSP• Julie Harvey - OSP• Andy Reynolds - OSP• Dave Doty – OSP• Lauren Klamm - OVPR• Don Zimmerman – Library• Aimee Oke – CVMBS• Engineering – Liza Hunn
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• Roles and Responsibilities• Jennifer Strange - OSP• Marilyn Morrissey - OSP• Sheila Durnil - OSP• Diane Barrett - OSP• Dawn Sharkey – OSP• Valorie LeFebre – Engineering• Marty Welsch – OVPR• Diana Ehrlich – Computer
Sciences• Cris Sexton – CVMBS• Joni Kerr - Engineering
• Kuali Research (core team)• Chris Carsten - OSP• Tracey Trujillo - OSP• Andy Reynolds – OSP• Diane Barrett – OSP• Margi Cech – CNS• Catherine Douras – CAG• Stephanie Ouren – CHHS• Dana Schwartz – CVMBS• Shannon Irey – Engineering• Kim Melville-Smith - WCNR
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Seeking Volunteers!For:
Roles & ResponsibilitiesPI Manual
Professional Development/TrainingPlease email [email protected]
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General Discussion/Questions