Grant Accounting
Grant Accounting
Time and Effort Reporting
Time and effort reporting is the process used by the College to certify that salaries and wages charged to a federal grant for a specific period accurately reflect the time devoted to the project. This documentation is required by the Federal government under OMB Circular A-21 (Cost Principles for Educational Institutions).
Overview
Salaried (exempt) employees who receive grant-funded salary are issued Effort Reporting Forms (discussed below). By signing an Effort Reporting Form, the employee provides confirmation that his/her effort on the project corresponds to the compensation that was paid.
Hourly employees are not issued Effort Reporting Forms as their bi-weekly time sheets, once approved by a supervisor, satisfy the requirement.
Effort Reporting Form
Twice per year, an Effort Reporting Form is sent to each exempt employee who received grant-funded salary compensation. Forms are distributed in June for the academic year (September through May) and in September for the summer (June through August).
Employees are responsible for reviewing the Effort Reporting Form for accuracy, signing the form, and returning it to the Grants Administrator. As the individual responsible for supervision of the project, the Principal Investigator may sign an Effort Reporting Form on behalf of an employee.