For any grant-related questions, please contact Grant Accountant Andrea
Newsom in the Business Office: 450-4501 or firstname.lastname@example.org.
Faculty Start-Up Funds are approved by the Provost during the hiring
process. Once approved, grant information will be sent to the Business
Office for dispensing and reimbursement.
Faculty Start-Up Funds must be fully expensed within 3 fiscal years of
the award, starting June 1st of the year awarded. If all funds are not
used, any remaining funds will be forfeited at the end of the third
As part of
the Hendrix Operating Budget Projections process, Faculty Start-Up Funds
must be budgeted for each year (up to 3 years). If additional money
needs to be spent in a given year, the faculty member will be allowed to
move up to 10% of the yearly budgeted amount from a future year’s
budget. Any budget increase above 10% in a given year must be approved
by the VP of Business & Finance. If a yearly budget is not fully
expensed, the funds may rollover to the next fiscal year excluding the
third and final year.
Expensing the Funds
yearly budgets are submitted to the Office of Business & Finance,
account codes and a project code will be distributed to the faculty
member. All payment requests should be submitted to and approved by the
Grants Manager. Monthly statements will be provided showing remaining
Clearing Advances/Requesting Reimbursement for Faculty Start-Up Funds
Submitting Receipts Using a Travel Expense Summary Report or a Payment Request Form:
A completed and signed Travel Expense Summary Report or a Payment
Request form MUST be submitted with the original receipts. If the proper
form does not accompany the receipts, the receipts will be returned.
Travel Expense Summary Report and Payment Request form can be found
in Appendix 8. These forms can also be downloaded on the Business Office
website, or forwarded by the Business Office via e-mail attachment. The
electronic versions include some formulas to simplify completion, and
it is requested that these forms are filled out electronically.
For ease of review, when completing the Travel Expense Summary report
please number your receipts and enter the correlating number on the
expense report. Like expenses can be combined. For example, if you have
five bus tickets, feel free to number all of them the same number and
enter them on the same line on the expense report. The mileage section
is at the bottom left hand corner, with room for four round-trips. The
total mileage per trip should be entered. The electronic version of the
form will calculate the reimbursable amount automatically.
Original receipts must be attached to the form. If the purchase was
made online, please attach a print-off of the confirmation which
includes the total price. If the expenditure will only show up on a
credit card statement, we will need a copy of the statement. For those
items that no receipts are available, reimbursement can only be made for
up to $25 each. These policies concerning documentation are audit requirements.
NOTE: All receipts submitted for Faculty Start-Up Funds should be submitted directly to the Grants Manager in the Business Office.