Just a reminder about the importance of making sure that academic departments are changing their business practices related to effort certification.
Periodic review of costs charged to sponsored projects is needed, and departments cannot wait for the effort certification cycle to process financial adjustments. If SFR has already submitted a final report or invoice to the sponsor on a project, and HSAs are being processed now due to effort certification, we may not revise the report or invoice.
SFR accountants have been asked to be proactive and during final invoice and report preparation to ask the academic departmental accountants about this.
Below are a couple of links to GMUN presentations outlining the change to semester effort certification and the impacts of this change:
http://www.ospa.umn.edu/GMUN/usersMM/Effort+Certification+Changes+06-14-07.pdf
http://www.ospa.umn.edu/GMUN/usersMM/GMUN22Feb07EWEffortPresentation.pdf
