Once a budget is allocated to the project cost centre, orders and expenses can be processed within the School/Service itself, in line with the eligible spend outlined in the contract and in compliance with the University’s financial regulations. All expenditure will need to be pre-authorised by the main budget holder (ordinarily the Principle Investigator).
The Post Award team will monitor the expenditure and analyse any variances, processing recharges to the School where required. Quarterly budget reviews are undertaken, with reports provided to the Principle Investigator or relevant School/Service contact to track progress.
If claims or expenditure statements are required by the funder, the Post Award team will work with the School to collate the necessary evidencing documentation to ensure that the claim is submitted accurately and within the required timescale. The team also liaise with funders and audit firms with regards to claims and audits.