Grant Financial Management
A function of the Treasurer's Office to monitor and audit the financial activity of all grants received by faculty and staff of St. Olaf College.
What this office does:
- Set up a new accounting unit for the grant
- Answer questions on travel & business reimbursement policy
- Determines allowable and unallowable costs on grants - according to budget
- Prepare grant year budget variances
- Draw in funds on monthly bases federal agencies
- Audit of Federal Awarded Funds
- PI training
- Time and Effort training
- Approve final grant expenditure reports
Spending:
St. Olaf policy and procedures for travel and business expense reimbursement are created in accordance with IRS tax law and legal requirements. We may actually exceed those standards in some situations. When a grant is received, St. Olaf's institutional policy prevails over the agency.
Dianne Bourdot
Accounting Associate-Grants
(507) 786-3604
bourdot@stolaf.edu
National Science Foundation, National Institute of Health, and the Department of Education also have their own set of regulations for grant recipients, as do private granting institutions. As the Principal Investigator/Project Director, it is your responsibility to abide by the rules and regulations pertaining to your granting Agency and the OMB Circulars that bind St. Olaf College:
