*Reviews payments charged to grants, calculates indirect costs and fringe benefit costs and charges costs to grants on a monthly basis.
*Monitors grant actual expenditures with approved budget.
*Prepares grant billings or draw down funds as required. Monitors grant receivables and follows up unpaid billings.
*Monitors cost sharing requirements and the College's compliance with federal laws and regulations.
*Prepares all grant financial reporting and answers questions from principal investigators related to grants.
*Monitors actual expenditures of all building and renovation projects to ensure that projects stay within budget.
Prepares journal entries to record transactions related to bonds, including principal and interest payments, accrued interest and interest expense, interest income and fees on bond accounts.
Prepares monthly bank reconciliations for bond accounts.
Handles/processes all debt service payments including all bonds outstanding and real estate mortgages.
*Reviews purchases of all equipment for more than $5,000 and records capital equipment, building and renovation projects in the College's fixed asset system and general ledger.
*Posts all depreciation to general ledger on a monthly basis.
*Conducts periodic inventories of all capital equipment and updates fixed asset system and general ledger to reflect noted changes.
*Deletes traded-in, lost, destroyed, sold, etc., fixed assets from the fixed asset system and general ledger.
Works with Purchasing Department to ensure capital equipment is tagged as College property upon receipt.