Financial Policy for Sponsored Projects
This policy describes the shared responsibility for the administration of all awards granted to the College. Awards with specific (duration of award, scope of work) requirements are treated as contracts and grants. Awards with no restrictions are treated as gifts.
On submission of proposals and acceptance of awards, Pomona College agrees to provide the technical/scholarly expertise and the administrative support to manage each Sponsored project in compliance with various fiscal (OMB A-21) and administrative regulations. This document addresses specific responsibilities of various individuals/offices that constitute a team which shares oversight of sponsored projects. At Pomona College, the team comprises the Principal Investigator, the Department’s Administrative Assistant, the Office of Sponsored Research and the Office of the Assistant Controller. Ultimately, accountability for compliance with the sponsoring agency’s requirements and Pomona College’s policies rests with the Principal Investigators.