- Financial Analysis
- Financial Operations
- Internal Controls
- Procurement Services
- Sponsored Programs
- Treasurer's Office
Sponsored Programs manages the post-award activities of the University of Michigan's research enterprise and other sponsored activities to ensure compliance with applicable federal, state, and local laws as well as sponsor regulations. The university receives over $1 billion annually in revenues from various government agencies and private sources for sponsored programs.
There are many resources available throughout this site to assist members of the university community with their post-award fiscal responsibilities.
I want to provide you with an important update about the university's Facilities and Administrative (F&A) Rate Agreement for federal sponsored programs. We recently negotiated an extension to our current rate agreement for the period starting July 1, 2014 and ending June 30, 2016. Based on current volume of research and sponsor mix, each indirect cost percentage point generates approximately $4.5 million annually and the university received approximately $250 million in indirect cost recovery in FY 2012.
A Project/Grant (PG) is a value used to identify a specific pool of money or activi