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    Grant / Contract Accounting

    3424 S State St
    Tech Central-4th Floor
    Chicago, IL 60616


    Grant and Contract Accounting (GCA)

    The Grant and Contract Accounting (GCA) department provides accounting and financial compliance services for sponsored projects awarded to the Illinois Institute of Technology (IIT). In addition GCA oversees compliance with University policies and procedures, as well as federal and non-federal rules and regulations required by various funding agencies.

    GCA's main functions include, but are not limited to:

    ·         Banner post-award setup and notification

    ·         Grant financial compliance

    ·         Grant reconciliations and financial analysis

    ·         Cost transfer and salary reallocation processing

    ·         Sub-recipient processing and monitoring

    ·         Grant invoicing and financial reporting

    ·         Grant cash management

    ·         Grant and contract closeouts

    ·         Indirect costs

    ·         Time and effort reporting and maintenance

    Grant Review Toolkit - Post Award Process

    Last modified: 10/17/2014 16:24:37

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