Grant and Contract Accounting

Grant and Contract Accounting (GCA) provides accounting and financial compliance services for sponsored projects. In addition, GCA oversees compliance with university policies and procedures as well as federal and non-federal rules and regulations that are required by various funding agencies.

The following services are provided to the Illinois Tech community:

• Banner post-award setup and notification
• Grant financial compliance
• Grant reconciliations and financial analysis
• Cost transfer and salary reallocation processing
• Subrecipient processing and monitoring
• Grant invoicing
• Financial reporting
• Grant cash management
• Grant and contract closeouts
• Indirect costs
• Partnership with the Research Administration Services team in other post-award functions such as grant review, document preparation, forecasting, and grant sunset
• Partnership with the Office of Sponsored Research and Programs