managing nih grants
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Managing NIH Grants. Financial Systems Review. I.P. Singh Project Director The Mitchell group, Inc. (TMG) NIAID Contractor. Overview of Presentation. NIAID objectives: To add to scientific knowledge base Improve management of NIH grants NIAID Contract with TMG - PowerPoint PPT PresentationTRANSCRIPT
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Managing NIH Grants
Financial Systems Review
I.P. Singh
Project Director
The Mitchell group, Inc. (TMG)
NIAID Contractor
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Overview of Presentation
NIAID objectives: To add to scientific knowledge base Improve management of NIH grants
NIAID Contract with TMG Improve management of NIH awards through
financial systems review Common problems/areas of improvement
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FOS Overview - 1
What is a Financial Systems Review? Review of Administrative and Financial systems
using the Foreign Organization System (FOS) review document Ability to manage US federal funds in an accountable
manner
What the FOS is not Not an audit
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FOS Overview - 2 FOS benefits the grantee
Assists Grantee to comply with NIH terms and conditions
Provides a global look at internal procedures Promotes understanding between PIs and
Administrators
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FOS Overview – 3 Timetable Conducted on site Documents needed
Completed FOS Copies of other documents
Grantee attendees PI and Co PIs Chief Administrative/Financial officer
Staff University/Institutional head
Courtesy visit
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Key Systems to Consider1. General2. Application preparation3. Policies and procedures4. Grant monitoring after
award5. Fiscal and scientific
overlap6. Standards of conduct7. Consortium arrangements8. Indirect costs9. Records management
10. Banking arrangements11. Budget preparation and
controls12. Accounting system13. Personnel14. Internal Controls15. Procurement16. Property/Asset
Management17. Travel
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Key Systems – 1
General Good organizational charts Responsible persons are identified
Clearly delegated authority
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Key Systems – 2
Application Preparation Prepared by PI
Reviewed and supported by institution If consortium, reviewed by members
Budget preparation Supported by verifiable information Based on true costs Reviewed by accounting
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Key Systems – 3 Policies and Procedures
Written and well documented Formulated by institution All staff are trained in them
Grant monitoring after award Periodic programmatic reviews Financial review of actual vs. budget
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Key Systems – 4 Fiscal and Scientific Overlap
Avoid duplication of payment for Same research Same equipment Time of researchers
Standards of conduct Conflict of interest
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Key Systems – 5 Consortium Arrangements
Standard agreement Performance and cost is monitored
Indirect Costs Clearly identified Properly used
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Key Systems – 6 Records Management
Covers scientific and administrative records Written policies and procedures Where and for how long are they stored How disposed
Banking arrangements Separate bank account for the grant Maintain account into which funds can be transferred
electronically Authorized signatories (preferably 2)
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Key Systems – 7 Budget preparation and controls
Reviewed by accounting for accuracy Source (cost) information is documented Once approved
Changed by authorized person(s) Monitored monthly/quarterly
Actuals vs. budget
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Key Systems – 8
Accounting system Accounting personnel are knowledgeable in NIH
terms and conditions Double entry accrual accounting used Project/job cost ledger for the specific grant
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Key Systems – 9 Personnel
Written policy manual Job descriptions Annual evaluations Time and attendance is recorded
Payroll Prepared based on attendance records Verified by a second person Distributed by PI/accounting/direct deposit
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Key Systems – 10 Internal Controls
Accounts audited annually By independent accountant OMB A133 requirement By internal/government auditors
Financial systems comply with NIH standards Separation of duties Blank checks management
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Key Systems – 11 Procurement
Written policies Purchases approved by authorized manager Three quotations for large purchases Blanket purchase orders for supplies
Property/Asset Management Capital expenditure is defined Items are recorded in register and managed
Property tags Annual inventory Disposal is authorized and recorded
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Key Systems – 12
Travel Written policies How is travel approved How are expense claims verified
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Common Areas for Improvement
Budgeting for true costs OMB A 133 audits Terms and conditions of the NIH grant Banking arrangements for transfer of funds Time and attendance records Salary supplements Written policies and procedures Standardize sub grant and consortium
agreements
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FOS Conclusion The review process is painless Not designed to audit but understand and help Benefits to grantees
Shows areas where changes need to be made Gives global overview of scientific and
administrative procedures and policies Gives PIs and administrators better knowledge
of each others’ responsibilities under NIH grants Promotes understanding between them
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Conclusion
We have discussed NIAID’s desire to assist in managing NIH grant
funds The FOS review Key Systems to be considered in Grants
Management Common areas for improvement
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Q & A