Office of Sponsored Programs - 600.02 - OSR Financial Reporting


Office of Sponsored Programs - 600.02 - Financial Reporting


Financial reporting is significantly important to assist the University in avoiding non-compliance issues.

This operating standard defines the responsibilities of the Office of Sponsored Programs (OSP) in partnership with the Principal Investigators (PIs), Departmental Administrators (DAs), and sponsoring agencies, in order to cultivate positive relationships with sponsors for continued support for research at the University.

Policy Statement

OSP prepares and submits official financial reports to the sponsor on behalf of the University and the PI. This includes:

  • Monitoring sponsor reporting requirements in compliance with 2 CFR §200 Subpart D
  • Depositing checks and initiating drawdowns for all sponsored research accounts
  • Preparing invoices and financial reports of expenditures to sponsor agencies
  • Serving as the University’s liaison with agencies and auditors on financial matters in accordance with Federal regulations provided in 2 CFR §200 Subpart F

PIs and DAs provide OSP with current, accurate financial information necessary to complete financial reports. OSP provides access to submitted reports to each administering department.

Related Requirements

Unit Policies, Standards, & Procedures

Contact Information

For questions regarding this operating standard and its related procedure, please contact

For questions regarding Pre-Award management or Post-Award administration, please contact the assigned Sponsored Projects Specialist (SPS).

For invoicing, reporting and other financial matters, please contact the assigned Sponsored Projects Accountant. OSP Staff assignments are found in RAMSeS or on the OSP website.


Document History
Date Revision
07/01/2022 Revised to reflect the new office name.
05/15/2018 Revised to coincide with the release of the new OSP Website.

The operating standards in the Office of Sponsored Programs Operating Standards & Procedures Manual supersede any OSP operating standards, procedures and appendices previously included in the University Business Manual, a publication of UNC-Chapel Hill’s Division of Finance.

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Article ID: 132330
Thu 4/8/21 9:28 PM
Thu 6/27/24 1:50 PM
Responsible Unit
School, Department, or other organizational unit issuing this document.
Research-Office of Sponsored Programs
Issuing Officer
Name of the document Issuing Officer. This is the individual whose organizational authority covers the policy scope and who is primarily responsible for the policy.
Issuing Officer Title
Title of the person who is primarily responsible for issuing this policy.
Vice Chancellor
Policy Contact
Person who handles document management. Best person to contact for information about this policy. In many cases this is not the Issuing Officer. It may be the Policy Liaison, or another staff member.
Next Review
Date on which the next document review is due.
01/19/2025 12:00 AM
Last Review
Date on which the most recent document review was completed.
01/19/2024 12:00 AM
Last Revised
Date on which the most recent changes to this document were approved.
07/01/2022 12:00 AM
Effective Date
If the date on which this document became/becomes enforceable differs from the Origination or Last Revision, this attribute reflects the date on which it is/was enforcable.
07/01/2022 12:00 AM
Date on which the original version of this document was first made official.
03/20/2008 12:00 AM
Flesch-Kincaid Reading Level