Grants & Awards Management
Topics at a Glance
Overview
The Grants Accounting and Compliance team provides post-award related services for all sponsored grants and awards and ensures that the University maintains compliance with terms of the award including all federal regulations. Our information page is intended to be a resource for faculty and staff on post-award areas of responsibility and the relevant guidance and tools required to properly manage grant and award accounting, financial reporting, and compliance. We are passionate about providing superior customer service to the campus community. If you do not find what you’re looking for on our information page please email us at g.
Sponsored Project Guide
- The purpose of this guide is to be a resource for those whose work involves post-award financial responsibilities within the area of Sponsored Research. The information contained here is provided by the Post-Award Grants Administration – Financial Services and is meant to streamline the post award grants administration process.
- See Sponsored Project Guide document
Federal Regulations
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
- OMB Circular A-21 (relocated to 2 CFR, Part 220)
- OMB Circular A-110
- OMB Circular A-133
- OMB Circular A-133 Compliance Supplement
Federal agency links
Rates and Facts
General
Federal ID#: 56-0532138
UEI #: MBU6HCLNZ431
Fringe Rates
Fringe Rates: 7/1/2022 – 6/30/2025
- Full-time with benefits: 26.1% (Federal); 28.4% (Non-Federal)
- Part-time with benefits: 18.4%
- Part-time without benefits: 10.0%
F&A Rates
- 7/1/2022 – 6/30/2025: 45.5% MTDC (On-Campus); 20.0% MTDC (Off-Campus)
- 7/1/2017 – 6/30/2022: 45.5% MTDC (On-Campus); 20.0% MTDC (Off-Campus)
- 7/1/2017 – 6/30/2021: 45.5% MTDC (On-Campus); 20.0% MTDC (Off-Campus)
- 7/1/2013 – 6/30/2017: 44.0% MTDC (On-Campus); 23.0% MTDC (Off-Campus)
- 7/1/2010 – 6/30/2013: 41.0% MTDC (On-Campus); 21.0% MTDC (Off-Campus)
Audit
Annual Audit Requirement
Wake Forest University is subject to an annual Single Audit (formerly known as the OMB Circular A-133 Audit) as a non-federal or state entity that expends greater than $750,000 a year in federal and state awards. The annual audit is performed by an independent external accounting firm. The audit is intended to ascertain that the University has maintained effective internal control over the management of its federal and state awards in compliance with laws, regulations, and the provisions of contracts or grant agreements. The audit also tests the integrity of financial transactions and reporting associated with federal and state awards.
Single Audits (formerly A-133 Audits)
Audit & Compliance Office
The University’s Audit & Compliance Office periodically performs audits over the University’s grants in order to ensure proper internal controls and compliance with award documents.
Forms
- Award Continuation Request Form
- Award Cost Transfer Form
- Award Rebudgeting Template
- Expense Attestation and Missing Receipt Affidavit
- Grant Participant Support Invoice Tracking Template
- Prior Approval Pre-Award Form
- Research Participant Log Form
- Residual Balance Transfer Request
Policies
Policies and procedures related to grant/ sponsored program management can be found here:
Please direct any questions to .