Financial Services

The Budgets Department provides expert services during the proposal preparation stage and after you are awarded a grant, ensuring that you meet all requirements in your research projects.

During your ongoing grant research activities, the Budgets Department will review the grant costs, approve expenses and travel costs through the accounting system, reserve funds for future expenditures, and other required budget related tasks. All of this is done in accordance with the rules of the funding agency and the university's procedures.

You will be required to submit financial reports to the funding agency at regular intervals, as specified in the grant contract. The Budgets Department at the Research Authority will assist you in preparing these financial reports according to the foundation's requirements.

All financial data for your research grant is available in the accounting system, with each grant managed separately. To avoid mistakes and to catch errors in real time, we recommend that you log in at least once a month to verify that the expenses are yours. We will open sub-accounts for the grant as needed and assist in preparing the required financial reports.

When working with the Budgets Department, you will enjoy the following services:

• Assistance in developing a budget and reviewing your proposed budget according to the relevant guidelines.
• Opening your research account in the accounting system.
• Developing budgets and reports that will help you plan and track your research expenditures.
• Supervision of all research expenses, including budget corrections, transfers of costs between research budgets, and no-cost extensions, all in accordance with university and funding agency policies.
• Preparation of periodic and final financial reports, according to the requirements of the funding foundation.
• Ongoing management of grant expenditures. We recommend contacting us with any questions about the correct funding source for expenses.
• Calculation of supplemental research funds that you are entitled to from the grants you have won.

The team also prepares audit balances and coordinates audit services with the grant sponsors. The team serves as the liaison between you and other academic and administrative offices of the university in budget related matters.