NSF Award Cash Management
NSF transitioned to processing grant payments to a “grant-by-grant” method. The transition is due to NSF placing an increased focus on transparency and accountability in the stewardship of federal funds. Federal funds are available 90 days past the project end date.
To ensure the university can access funds prior to expiration, OSP will begin freezing funds 45 days after the project end date. This will allow final payroll, fringe benefits and overhead transactions to post before the deadline. The 90-day time frame could be shortened a few days due to federal holidays and weekends. OSP needs departmental assistance to ensure HokieMart encumbrances have posted and released in a timely fashion. Faculty and staff should contact their OSP post award administrator assigned to the project regarding payments which may fall outside this time frame.
NSF Research Performance Progress Reports
On March 18, 2013, NSF will transfer its current project reporting service from FastLane to Research.gov. The change is the result of a government-wide effort to create greater consistency in the administration of federal research awards by streamlining and standardizing report formats.
NSF will freeze project report submission effective Feb. 1, 2013. To assist the community with this transition, NSF will extend the overdue date for all project reports that are currently scheduled to become overdue between Jan. 31 and April 30, 2013.