Departments and Principal Investigators (PIs) are responsible for managing the day-to-day operations of their UNM/HSC budgets. PIs are responsible for the management of their sponsored awards. Budgets should be reconciled on a regular basis to provide reasonable assurance that transactions are necessary, reasonable, allocable, allowable, and consistently treated.
If revenue (from the sale of goods or services) is being generated by an activity, or if the revenue being generated is from a federally-sponsored award then it is considered to be Program Income and this will need to be coordinated through the UNM/HSC Contract & Grant Accounting team.
The HSC Family & Community Medicine's Research Management Team are available to FCM faculty for assistance with ongoing contract reporting and invoicing, and will coordinate monthly budget meetings with an assigned FCM Accountant. They will also assist PIs with annual progress reports and financial reports.