Staff managing international activity from the U.S. or in the host country have financial responsibilities, such as:
→ Planning for expenditures (i.e., preparing budgets) in conjunction with the finance staff;
→ Monitoring expenditures against program budgets;
→ Ensuring that program expenditures are allowable and are allocated to the correct line items and project codes; and
→ Ensuring that personnel expenses, as documented in effort reporting, are charged to the appropriate funding sources.
The assignment of individual duties related to these responsibilities should be determined by the size and type of the program and the financial risks involved.
Overarching financial responsibilities must also be integrated throughout the structure that supports any international operation including host country management, university departments and central resources in New York.