NIH Transition to Payment Management System (PMS) Subaccounts
Historically, all NIH funds awarded to LLU are in one pooled account managed by NIH. LLU draws down against this account and receives income as expenses are accrued.
As of October 1, 2015, NIH will use a subaccount (not the pooled account) for each grant awarded.
What does this mean?
NIH will transition awards currently in the pooled account to subaccounts between October 1, 2015 and September 30, 2016.
How will this be done?
- NIH will effectively break the single competitive segment into two shorter "administrative segments."
- The project period end date will be revised to the existing budget period end date.
- A final Federal Financial Report (FFR) is due within 90 days.
- All new and non-competing continuation awards issued between October 1, 2015 and September 30, 2016 will have a new NIH award number.
How will my LLU projects be affected?
- A new Banner fund number (6xxxxx) will be created for awards issued between October 1, 2015 and September 30, 2016 and existing funds will be closed out.
- FFRs are to be submitted and funds carried over to the new award, as applicable.
- NIH-funded subcontracts issued to LLU will be invoiced and closed out as of the current contract end date.
Note: Progress Report submission and review dates will not change.
RAFM staff will contact you as awards are issued and if/when any action is required. Please feel free to contact us with any questions or concerns you may have.
Research Affairs Financial Management
(909) 558-4589 or ext. 44589 · rafm@llu.edu
For further information:
NOT-OD-14-103: http://grants.nih.gov/grants/guide/notice-files/NOT-OD-14-103.html
FAQs: http://grants.nih.gov/grants/payment/faqs.htm