4.3 Monitoring Budgets
The PI/PD is responsible for monitoring all expenses charged to the grant. Grants Accounting recommends that you review your budget and all expenses in Banner via Argos at least once a month in order to avoid cost overruns and identify any misallocations. Mistakes happen, but expenses posted to a grant in error can be moved easily if the error is caught within a short period. Be sure that all invoices, check requests, Pcard expenses and payroll charges that have been submitted are charged to the grant properly. Grant budget overruns are charged to the PI/PD?s department.