Establishing an advance account prior to the formal receipt, review, and acceptance of an award by the University carries financial risks.
Advance accounts are intended to be temporary states in MyFunding and used when an award is known to be forthcoming. It is important to note that if the award fails to materialize, or if the award has a different budget total or project period than expected, the Department is accountable for covering any expenses incurred on the Advance Account not reimbursed by the sponsor. Therefore, careful considerations should be made if planning to open an advance account.
Departmental research administrators should monitor all awards (AWDs) currently in an Advance Account state and alert the Office of Sponsored Programs (OSP) as soon as an anticipated award is received so that the award can be reviewed and formally accepted by the University.
For more information about Advance Account requests, visit the OSP website.
FEDERAL AGENCY ROUNDUP
Updates from federal agencies for the week of 02/17/2025
- The NSF has updated information on their webpage regarding the executive orders. You can view FAQs and other details on their site at this link.
- The Department of Education's HEPIS portal is unavailable. There is no indication as to when it will reopen.
Stay up-to-date and informed by visiting the Pitt Research Executive Orders and Federal Funding website.