|AFTER FUNDING Post-Award Process Financial Procedures Human Resources ERDF Requirements||
POST-AWARD: FINANCIAL PROCEDURES
The Office for Research Grants and Contracts (ORGC) is the section of the Finance Office that provides assistance to researchers in the administrative and financial aspects of the University's funded research activities.
On receipt and approval of all research contract documentation [please refer to Post-Award Process Section, the ORGC will allocate a unique research account number to each research contract which will be e-mailed to the Project Leader once the account is opened. All income and expenditure relating to a research contract should be credited or charged to this unique research account. Research account numbers are allocated by the ORGC following signature of the research contract. Research account numbers will only be allocated when the University is in receipt of the funding agency’s confirmation of the amount of funding receivable.
The general rules relating to the operation of research accounts are as follows:
Advance payments for research work must be negotiated with the funding body wherever possible, particularly where expensive items of equipment or supplies are involved. A detailed funding schedule should be included in the contract/agreement to ensure that the funding time scale is clear to both parties.
The University procedures relating to the employment of staff must be followed. Staff required for a research project must be employed using the employment contracts for research staff [Please refer to the Human Resources section].
It is the responsibility of the project leader to ensure that there are sufficient funds in the project or that sufficient funds will be available when required to meet the cost of employing staff under the project.
Accordingly, in order for an individual to be charged to a project there must be sufficient funds available within the payroll budget to meet the full employment contract value. It is the responsibility of the project manager to ensure that this is the case taking any outstanding pay commitments into consideration. All staff must be paid through the Payroll Office with the appropriate deductions for PAYE and PRSI. Employees must not be paid outside the Universities wages/salaries system, either by cash or cheque.
It is the responsibility of the research project leader to inform the Human Resources Office and Payroll Office in writing of the termination of an appointment, at least one week in advance (one month in the case of salaried staff). Work permits issued by the Department of Labour are required for non-EU nationals.
Income received is credited to the appropriate research account number. Normally Research Income is received direct by the Finance Office as cheques or by direct bank transfer and lodged to the Universities bank account. Funding bodies should be requested to quote the unique research account number on any remittances. This will assist with the identification and correct allocation of monies received to projects.
Any cheques received directly by project leaders should be sent to ORGC for lodgment. The research account number must be quoted on any correspondence. Where there is a long time lag between the submission of reports and the receipt of the funding, the project leader should notify the ORGC for follow up with the Funding Body. Similarly where a project leader is aware of funding received which has not been credited to the research account he/she should contact the ORGC immediately.
It is an audit requirement that all bank accounts are set up and managed by the Finance Office, therefore the maintenance of separate bank accounts for research monies is not permitted.
Payments to Creditors:
Invoices, when passed for payment by the research project leader are processed for payment by the Accounts Payable Section of the Finance Office. In order for invoices to be processed promptly please ensure that they are correctly coded with the unique research account number and authorized for payment. Payments are subject to the Universities normal tax clearance and professional withholding tax procedures. All invoices processed are scanned and can be viewed on line by accessing your research project account on Agresso at: http://www.ucc.ie/en/agresso/
Research Project Leaders should ensure that their research accounts hold sufficient funds to meet projected expenditure.
Expense claims for research staff must be approved by the research project leader. Research project leader expense claims must be approved by the Head of Department. These lines of approval are automated within the University accounting system Agresso.
Travel and subsistence claims should be based on the standard rates adopted by the College. If these conflict with the rates specified by the funding body the lower rates must be used.
Invoices, expense claims and payment requests should clearly state the research account number and expense type classification.
Most funding bodies require a cost statement report on a regular basis. The responsibility for the preparation of this report rests with the ORGC. Before the report is issued it will be sent to the research project leader who should review it and confirm its accuracy/validity to the ORGC. Timesheets supporting the payroll costs claimed must be maintained by the Project Leader.
Research accounts may be subject to audit from a number of different bodies/people as follows:
All information and every assistance must be given/made available to these auditors during the course of their work.
In order to ensure compliance with audit requirements, project leaders must ensure that their accounts are maintained in good financial order.
The research project leader is responsible for the financial management of each research contract under his/her control. In the event of a deficit arising on an account, he/she must immediately notify the Head of Department and/or Research Centre and the ORGC.
If additional funding is unavailable then the account will be closed and the Department and/or Research Centre will be charged with any deficit remaining.
When the account reaches 100% of the contract value, the account will be automatically suspended. The account will only be reinstated when the ORGC receives the appropriate details, i.e. that additional funding has been approved. This will need to be confirmed in writing by the appropriate funding agency.
Accounts must be closed at the end of the project. New research projects must not be administered through old research accounts.
The ORGC will review the financial performance of all active Research Centres annually at the end of the University financial year.
The review will focus on the available spend on each project within the Centre after taking into account projected income and expenditure to the end of the financial year. This will be circulated to Centre Directors for information and comment.
All Centre reviews will be presented to the Finance Committee for review and decision-making as appropriate.
The Finance Committee may, if it wishes, request the Vice President for Research to assess and report on the value of the research produced by the Centre. On receipt of the Vice President's Research Report, the Finance Committee will decide on the appropriate action to be taken, based on the financial and research information available at the time.
Any new Research Centre established in College must comply with the policy and procedures as adapted by the Office of VP for Research
Expenditure on research accounts must comply with EU Directives, Government Guidelines and University Procurement Procedures. Further information is available from the Procurement Officer on request and at the Procurement Office Web Site
The exchange rate risk on a contract is borne by the research project. Therefore, the project manager must make allowance when budgeting his/her project costs, to ensure any adverse movement in exchange rates will be covered.
A number of on-line research reports have been developed on Agresso to assist Project Leaders with the management of their research accounts.
To access these on-line reports and the ability to see a scanned version of invoices charged to a research project log-on to Agresso via the following link http://www.ucc.ie/en/agresso/
In addition to being able to access research projects on line quarterly reports are forwarded to Project Leaders via an automated email with a spreadsheet containing a summary of all projects where they are a manager, and also individual reports for each project.
Research project leaders should ensure that the details on these reports are correct. Any errors should be notified to the ORGC immediately. Corrections should be followed through to ensure that they have been made.
All department heads have been given similar access for all research projects within his/her department as have Heads of Schools, and Colleges.
The Office of Research Grants and Contracts is located in the North Wing on the Quad. The Staff of the Office can be contacted at the following link http://www.ucc.ie/en/financeoffice/ResearchGrantsandContracts/Staff/