Financial Reports

All financial reports are prepared and submitted by Sponsored Programs Administration. All invoices for contract/grants are also completed and submitted by SPA.

If the Principal Investigator (PI) receives financial forms or information regarding the filing of financial reports, it is very important that this information be forwarded to SPA. In many cases, the PI will be the only one to receive such documents.

Financial reports are often the means through which Drake receives funds for grants. These reports are reviewed and signed by the Controller and submitted by deadlines established by the sponsor. Copies of the reports can be obtained from SPA.

If checks are received by the PI or the department, they must be brought to SPA as soon as possible. All grant related deposits are to be made through SPA. University policy requires that deposits be made on the day of receipt.