REG 10.05.03 – Depositing Funds to a Sponsored Project

Authority: Vice Chancellor for Finance and Administration

History: First Issued: July 1, 2002. Last Revised: March 3, 2004.

Additional References:
Department of Financial Services 

Contact Info: Assistant Director, Systems and Compliance, (919-515-8011) Office of Contracts and Grants

1. Guidelines

All revenue deposits to a sponsored project are to be made by the Office of Contracts and Grants unless the Director of Contracts and Grants has given specific prior approval in writing. Deposits are made by Contracts and Grants through the University Cashier’s office within 24 hours of receipt. For more information on the three types of deposits go to Department of Financial Services website.