Procedure This procedure provides guidance on the administration of federal and non-federal sponsored funds, including internal controls and grant management standards used to ensure that all sponsored funds are lawfully expended in accordance with federal regulations. The guidance includes procedures for adhering to cost principles, […]
Procedure This document outlines the procedures to account for funds received, obligated, and expended from award setup through closeout in the financial system of record, in accordance with 2 CFR 200.302, a section of the Code of Federal Regulations (CFR) providing rules for the Federal […]
Policy Wake Forest University conducts research and other activities that are sponsored by federal, state, or private entities. Sponsored grants and contracts provide essential outside funding to support the academic mission and research function of the University. As a recipient of federal, state, and privately […]
Procedure A Fixed Price Agreement is an agreement where the sponsor pays a firm price for the agreed-upon work, regardless of the actual costs to complete the project. A Milestone Agreement is a contract based on one or more milestones or deliverables. Accountability is based […]
Policy The federal government (per the Uniform Guidance Subpart E §200.430) sets requirements for internal controls over certifying time expended on sponsored projects and requires that salaries paid fully or partly from federal or state-sponsored awards be “certified” in a process that is distinct from […]
Policy In accordance with the Office of Management and Budget (OMB) Uniform Guidance, transfers of charges by Wake Forest University to federally and state-funded sponsored projects must be explained and justified. As a recipient of federal, state, and privately sponsored grants and contracts, the University […]
Policy As a collaborative product with guidance from the University’s senior business administrators and other campus subject matter experts, this policy serves as Wake Forest University’s primary guidance on purchasing. This standardized procurement policy and the accompanying work processes have been created to conform with […]