SFR's Responsibilities

  • Prepare and submit the institution's official financial reports and invoices to sponsors.
  • Apply payments from sponsors and follow up on those that are past due.
  • Close out awards in PeopleSoft Financials (also called the Enterprise Financial System, or EFS).
  • Handle all audits related to sponsored projects.
Activity What SFR Does What Departments Do
Financial Reports and Invoices Issue required financial reports and invoices to sponsor. Review and confirm draft reports and invoices from SFR accountant within established deadlines (listed on this page). Instructions for running UM Transaction Detail by Invoice/Report Number.
Payment Application (Revenue) Ensure revenue is applied to the appropriate sponsored award when payments arrive. Review expenditures on a regular basis and remove unallowable expenses and/or overdrafts; contact SFR accountant with updates/alerts about pending payments.
Collections Follow up with sponsors on the status of past due payments. Assist/provide any updates/alerts or additional contact information for sponsor as requested by SFR.
Award Closeout Close out awards in EFS after they have ended, and all payments are received. Use the Post Award Management Dashboard, ensure all items noted have been completed; respond requests/directions from the SFR accountant.
Audits Coordinate all aspects of the audit including serving as the University's primary contact with auditor. Alert the SFR accountant assigned to the sponsored award upon receipt of an audit notification; assist/provide additional information as requested throughout audit.


Activity What Departments Should Not Do Why
Financial Reports and Invoices Create and send financial reports or invoices to the sponsor. This task is delegated solely to SFR through the University's delegation of authority policy.
Payment Application (Revenue) Make cost transfer entries for charges that are more than a year old or 90 days past the award end date. If the award ended more than 90 days ago, the final financial report/invoice have been submitted to the sponsor and SFR will have to adjust them.
Collections Make any agreements with sponsors related to past due amounts. There are certain thresholds that require varying levels of institutional signatory authorization on such agreements.
Award Closeout Process small dollar/penny JEs to zero out budget lines. When lines are less than +/- $35, SFR will process the journal/write-off.
Audits Respond to audit inquiries and provide requested documentation directly to the auditor. SFR accountants are trained and follow an established process for handling audits.


Number of days following award termination that departmental review of financial reports and financial draw/invoice submissions received from SFR are due back to SFR:

  • USDA - Food and Nutrition Services - 81
  • NASA - 80
  • Other federal agencies, including USDE, DHHS, and NSF - 85
  • All other sponsors: 5 days before the financial report/invoice due date stipulated in the award's terms and conditions

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