Use Of Project Funds

College funds may only be used for the project awarded and cannot be used for any purpose/purchase that violates University policies for the use of general funds. 

Sponsored Project funds must be expended in accordance with the rules of the sponsor and as per the approved budget. Faculty are responsible for following all U-M purchase and procurement policies when obtaining supplies or equipment, and seeking any assistance prior to purchases, if necessary. If you require assistance in understanding these policies, please contact the RA.
Any and all project overdrafts are the personal responsibility of the faculty member/principal investigator. Project budgets should be continuously monitored by PIs through the M-Reports system (in Wolverine Access). In the case where faculty project short codes reflect an overdraft, no subsequent College funding will be released until the faculty member/principal investigator meets with the RA to arrange a plan for reimbursement to the College.

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