Setting up a Budget
Once the funding agency has informed you and ORSP that your project has been funded, you will work with the Grants Administrator (GA) assigned to your project to setup a budget. As the Principal Investigator (PI), you should have submitted a budget to ORSP when you were developing your proposal. The GA assigned to your project will obtain this "Pre-Award" budget and verify that the submitted budget and the agency-awarded/funded budget match; if there are any discrepancies, your GA will contact you determine how to revise your budget.
Based on the budget approved by the funding agency, the GA will create a Budget Request form that includes a Delegation of Signature form indicating those individuals (aside from the PI) who should be granted signature authority on the project. A separate Delegation of Signature form will be required for each person aside from the PI who is granted signature authority on the project.
The GA will email the PI a copy of this form and the PI will print the form, sign where required, and obtain any additional signatures (co-PIs and individuals who have been delegated signature authority); the PI will return the hard copy of the forms, with all required signatures, to ORSP.
ORSP reviews for completion and processes the forms. In most cases, within 5 business days of receipt of the Budget Request and Delegation of Signature Authority forms the PI can request a P-Card, hire staff / pay people, and otherwise start to spend grant funds.
- The budget awarded by the funding agency may not match what you requested in your proposal; your GA will help you determine how to revise your budget accordingly
- All signatures are required for the Budget Request and Delegation of Signature Authority forms to be considered complete