Finance

Award Management

Audits

Rensselaer complies with federally required institutional standards. Rensselaer's financial statements and internal control structures are audited by independent auditors to ensure compliance with laws and regulations as required in Office of Management and Budget (OMB) Uniform Guidance Part 200: Uniform Administrative Requirements, Cost Principals and Audit Requirements.

Most projects may be audited by the sponsor, if the sponsor chooses. The sponsor may disallow charges which are determined to be in violation of the award terms. The PI and department are normally responsible for covering disallowed costs.

Cost Transfers

Rensselaer expects its faculty, staff and students, when dealing with federal and other sponsored projects, to comply with all government and sponsor rules and regulations and follow established standards for determining when it is appropriate to initiate a cost transfer.

Learn more about Cost Transfer

Fly America Act

The U.S. government has entered into several air transport agreements that allow federal funded transportation services for travel and cargo movements to use foreign air carriers under certain circumstances.

Fly America Act

Service Center Procedures

The Institute conducts research under Government-funded agreements and service center activities often result in charges, either directly or indirectly, to federally sponsored awards.

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