Account Setup & Award Administration
CSU has two systems that work together to capture award information and allow expenditure of sponsor funds: KR Award and KFS. Once the information has been entered in the KR Award module, a nightly process feeds the information into KFS to create or update the ‘53’ account.
OSP handles the invoicing and financial reporting for a ‘53’ account. The PI is responsible for required technical/scientific reports, and should copy OSP on the submission of a final report or deliverable.
Many sponsors require advance notice when a sponsored project cannot be completed in the timeframe originally specified in the award document. Approval requirements and processes for ‘no-cost extensions’ vary by sponsor, and a time extension should never be assumed. Contact the appropriate OSP research administrator before the project end date, and as soon as the need for additional time has been identified, to avoid losing all or part of the funding for a project.