Cornell University, through its operating units, generates income as a result of sponsored projects or federal appropriations. It is the responsibility of each operating unit to use, account for, and report such program income properly.
Cornell University expects costs to be charged to the appropriate sponsored project account when first incurred. There are circumstances in which it may be necessary to transfer expenditures to or from a sponsored account subsequent to the initial recording of the charge in the general ledger.
The Division of Financial Affairs
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