AFOSR (Air Force Office of Scientific Research) Reminds Grantees to Bill Timely
The DoD released a memo on July 27, 2020 reminding Billing Offices to continue to get expenses onto grants and invoice as expeditiously as possible. As a reminder for cost reimbursable awards, BU invoices sponsors only on expenditures that have posted to the sponsored research account and been paid. Therefore if an expense has posted but not yet been paid, than it won’t have billed the sponsor for those costs.
When expenditure rates lag behind, AFOSR is at risk of losing future funding. This could result in the termination of existing grants and prevent the funding of new research.