News
FY25 Single Audit Finding Requires Follow-up By June 30, 2026
As a result of the FY25 Single Audit, the Institute had a finding related to individual travel costs and effort reflected on sponsored awards. Effort on a sponsored award at Georgia Tech is reflected through the charging of an individual’s salary to either the grant itself or to a contractually obligated cost share grant line linked to the main award.
Featured PI Article
PI Article: Indirect Costs in Day-to-Day Life
When Georgia Tech invoices a sponsor, the standard invoice template shows expenditures associated with specific “object classes” such as Salaries and Wages, Fringe Benefits, Tuition Remission, Materials and Supplies, etc. But there is also an object class called Indirect Costs, and it is the line item which reflects the overhead (also known as F&A – Facilities and Administration) costs allocated to each specific award. These costs are incurred by the institution to support research activity, and they are applied to each award by multiplying each eligible direct cost dollar by the appropriate F&A Rate.
More PI articles are found in the archive.
Upcoming Events
The Latest Buzz with G&C Accounting
G&C hosts a monthly information session to provide post award research news and updates to the Georgia Tech research community.
Next session (Virtual):
October, 2026 (TBD)
G&C Office Hours
The Project Accounting Management Team hosts monthly, virtual “Office Hours” for campus. Anyone is welcome to join and ask questions on the last Monday of each month, between 10:00am and 11:00am.
Next office hours:
September 28, 2026 (Monday)
10 - 11 a.m.
About the Office of Grants & Contracts Accounting
The Office of Grants & Contracts Accounting is part of Finance and Planning within the Administration and Finance. Administration and Finance provides the platform for Georgia Tech's continuing success in achieving its mission of teaching, research, and economic development by leading, supporting and enabling institutional effectiveness in administrative, financial, information, and physical infrastructure services for Georgia Tech. Employees in the Division should demonstrate a commitment to a core set of values.
The Office of Grants & Contracts Accounting, located in the Dalney Building at 926 Dalney Street, provides post award accounting and reporting services related to sponsored programs managed by all academic units of the Institute (excludes Georgia Tech Research Institute).
Operating Units
Sponsored Research Accounting
Project Accounting is responsible for the financial management of sponsored awards and grants from point of award through close-out (excluding GTRI & GTF).
Cost Accounting and Compliance
Cost Accounting and Compliance is responsible for the establishment of Institute rates, financial reporting (Institute-level) and effort reporting. Conduct reviews of expenditures charged to sponsored awards to ensure financial compliance.
Systems and Reporting
Systems and Reporting maintains the Institute’s Grants Management System and Reports and also manages the Grants and Contracts Accounting website.
Board of Regents Sponsored Programs
Board of Regents (BOR) Sponsored Programs manages the financial aspects of selected sponsored programs awarded to the BOR, including the preparation and maintenance of financial records and reports in the same manner as other sponsored programs managed in the Office.