The PI is the individual with primary responsibility for the financial management of project funds and adherence to university and sponsor policies, as well as all applicable terms and conditions.
In the case of a fund with multiple PIs, each PI must carefully and completely review the terms and conditions, noting important conditions including, but not limited to, reporting deadlines, unallowable costs, and areas that may require prior approval.
Frequently Asked Questions
- How are the funds allocated when the award is set up?
- Contracts & Grants Accounting will allocate the budget to the PI’s primary project.
- Who allocates the co-PI’s project?
- The Project Manager for the main PI is responsible for requesting additional projects and re-budgeting for any co-PIs.
- What if there is an overdraft?
- The applicable Contracts & Grants Accounting Contracts Administrator will email the PI’s Project Manager of any overdrafts and copy the co-PI’s Project Manager. If the overdraft is in a co-PI’s project, the main PI’s Project Manager should contact the co-PI’s Project Manager to clear the overdraft.
- The main PI is authorizing additional funds for an overdraft. How do I get the allocation?
- If main PI authorizes additional funds to cover an overdraft of a co-PI, the PI’s Project Manager must request a re-budget.