Capital assets means tangible or intangible assets used in operations having a useful life of more than one year and a value of more than $5,000 which are capitalized in accordance with the Capital Equipment Policy. Capital assets include land, buildings, equipment, and software.
Carryforward is the ability granted by a sponsor, either permitted automatically or requiring approval, to the grantee to move funds previously unspent in a past budget period into the new budget period while also obligating the fully anticipated amount for the new budget period.
Catalog of Federal Domestic Assistance (CFDA) Number
The CFDA number means the number assigned to a Federal Program in the Catalog of Federal Domestic Assistance Programs (“CFDA”). Each federal assistance program has a unique identifying CFDA number comprised of a two-digit prefix that identifies the federal agency followed by a period (dot) and a three-digit number that identifies the specific program, e.g., 16.056).
Chart of Accounts (CoA)
A code that accompanies every financial transaction. The Chart of Accounts is comprised of 6 Segments (Fund, Org, Account, Program, Activity, and Location) that are used as the University of Denver’s organizational framework for budgeting, recording, and reporting on all financial transactions.
An OMB publication entitled “Uniform Administrative Requirements for Grants and Other Agreements with Institutions of Higher Education, Hospitals and Other Non-Profit Organizations” that describes the required minimum management systems and institution must have in order to administer federal grants. OMB Circular A-110 was incorporated into the OMB Uniform Administrative Requirements, which became effective December 26th, 2014.
An OMB publication governing audits of “States, Local Governments and Non-Profit Organizations. OMB Circular A-133 was incorporated into the OMB Uniform Audit Requirements, which became effective December 26th, 2014.
Cost Principles for Educational Institutions, an OMB publication governing the cost principles for universities. OMB Circular A-21 was incorporated into the OMB Uniform Cost Principles, which became effective December 26th, 2014.
A contract to test drugs, devices, or other controlled substances for Food and Drug Administration (“FDA”) approval. Most Clinical Trials are focused on generating safety and efficacy data for use in an FDA approval process. Clinical trials usually involve the use of human or animal subjects.
The act of completing all internal procedures and sponsor requirements to terminate or complete a research project. Most awards have strict deadlines for completion of closeout activities. Failure to complete the closeout by the deadline can result in non-payment of the final amount or may affect the ability to obtain another award from the sponsor.
Amount or percentage of time an individual has communicated to the sponsor that he/she will work on a specific sponsored project over a specified period of time. Commitments are made in the award proposal and may be documented by the sponsor in award documents. Changes to reduce committed effort may require sponsor approval.
Request to the sponsor for funding that builds upon a previous project in the sponsor peer review process. If the competing renewal is awarded, there is usually a new period of performance and level of funding. Normally, this generates a new segment in GMAS within existing project.
Conflict of Interest (COI)
A situation in which an employee has the opportunity to influence a university or sponsor decision that could lead to a financial or other personal advantage or that involves other conflicting official obligation that could directly and significantly affect the design, conduct, or reporting of research.
A legal protection for an original piece of work, such as art, film, software, or writing. At the University of Denver, the University holds any patents that come about as a result of sponsored research, but the individual faculty member often holds the copyrights. Sponsored research agreements may specify other, or additional, provisions. Questions about copyright may be addressed to either the Office of Intellectual Property and Technology Transfer.
An individual or business whose expertise is required to perform work on a sponsored award. Services are temporary, special, or highly technical. A consultant may not serve as senior personnel (e.g., Co-Investigator, Principal Investigator).
A professional activity related to a person's field or discipline, where a fee-for-service or equivalent relationship with a third party exists. (Consulting or Related Service Agreements)
Continuation (aka Non-Competing Continuation)
A request or proposal type submitted to request funds for subsequent budget periods after the first budget period, when a discretionary multiyear project is approved for a project period of more than 1 year.
A mechanism for procurement of a product or service with specific obligations for both sponsor and recipient. Typically, a research topic and the methods for conducting the research are specified in detail by the sponsor, although some sponsors award contracts in response to unsolicited proposals.
Term used to refer to a vendor.
An award similar to a grant, but in which the sponsor's staff may be actively involved in proposal preparation, and anticipates having substantial involvement in research activities once the award has been made.
Co-Principal Investigator (Co-PI)
University of Denver faculty or staff member who shares equally with another faculty or staff member the responsibility for directing the technical and administrative work of a sponsored project. Each person can be named in the proposal and on project documentation as a co-PI, provided this role is accepted by the sponsor.
Corrective action means action taken by the auditee that corrects identified deficiencies, produces recommended improvements, or demonstrates that audit findings are either invalid or do not warrant auditee action.
Cost Accounting Standards Board (CASB)
Federally mandated accounting standards intended to ensure uniformity in budgeting and spending funds.
Cost Sharing (or Matching)
A general term, used as a noun or adjective, that can describe virtually any type of arrangement in which more than one party supports research, equipment acquisition, demonstration projects, programs, institutions.
Example: A university receives a grant for a project estimated to have a total cost of $100,000. The sponsor agrees to pay 75% (%75,000) and the university agrees to pay 25% ($25,000). The $25,000 portion is the cost-sharing component.
A cost transfer is a journal entry that transfers an expense onto a federally funded sponsored award that was previously recorded elsewhere on the University of Denver’s General Ledger and requires institutional approval before it can be posted to the General Ledger.