OSP & Finance Partner to Create New Fund Hierarchies

The Office of Sponsored Programs and Finance have partnered to create new fund hierarchies, which are the high-level of funding sources associated with non-sponsored driver worktags (DN, GF, and PJ). The fund hierarchy, FDH087-Allowed for Cost Share, will be entered as an Allowable worktag on cost-sharing grants and sponsored grants that are subject to a salary cap. 

In the current state, OSP Pre-award requires the department to provide their non-sponsored worktags for cost-sharing & over the cap salaries. Under the new process, a cost-share grant will be set up with fund hierarchy FDH087, allowing the departments to select the non-sponsored driver worktags directly on transactions, provided the driver worktags used roll up under FDH087 (Allowed for Cost Share).

New cost-share grants will have FDH087 as an Allowed worktag and DN000001-FD005 (or as specified by dept.) Default worktags. Grants with salary caps (DHHS agencies, including NIH, HRSA, etc.) will have sponsored fund FD021 and FDH087 fund hierarchy as Allowed worktags and FD021 as Default worktag.

Existing cost-share grants and grants subject to salary cap will be updated with FDH087 as an Allowed worktag. Default worktags will remain the same.

With these fund hierarchies in place, there will be efficiencies in reporting, system configurations, and turnaround time for award creation by OSP.