Monthly Review
As part of its overall system of internal controls, MIT requires that a person familiar with activity on an MIT cost object review the monthly transactions on that cost object. Follow VPF's Approach to Monthly Review.
Salary
The principal investigator (PI) is responsible for reviewing salaries charged to projects, and for validating and certifying percentages of salary charged to a project. The percentage of salary is based on an individual's Institutional Base Salary.
Most salary questions are addressed by VPF's Salary Certification Policy. Contact your RAS CA if a change in effort will affect the salary charged to a project, or if you have questions about charging summer salary.
Rebudgeting
Often, PIs must rebudget funds to complete their research. If you are rebudgeting based on project needs, contact your RAS CA for review.
- Federal sponsors: The Research Terms and Conditions Prior Approvals Matrix lists which sponsors require or waive prior approval for rebudgeting. Refer to the award for specific guidance.
- Federal cooperative agreements and contracts: May contain terms requiring prior approval for rebudgeting. Individual awards should be reviewed for unusual terms.
- Industry, foundation, and non-federal sponsors: Refer to the award for specific guidance. Depending on the terms of the award the PI may be required to submit a revised budget to the sponsor, explaining the need for rebudgeting project costs.