If an award is in the form of a fixed price contract and the terms and conditions explicitly state that the University may retain unexpended funds, the PI and DA may request that the residual balance be transferred to a non-sponsored project, including in the request the following information:
- From the PI: an attestation that all project requirements have been satisfied and that all costs related to the sponsored project have been charged to the sponsored project
- From the DA: an attestation that all costs relating to the sponsored project have been charged to the sponsored project
SPF will review the request along with the terms and conditions of the agreement, and if approved, will transfer the residual balance to the specified non-sponsored project.