THE VANDERBILT UNIVERSITY Schedule of Findings and Questioned Costs Year ended June 30, 2006
The University should develop enhanced internal controls and a monitoring policy for federal salary
There should be specified
personnel a monthly
that monitor NIH salary, basis to ensure that all
fringe, and facilities University employees
cap and are
compliant. In addition, designated departmental personnel should be appropriately trained calculate whether an employee has exceeded the salary limitation threshold and continuously results to ensure all employees are compliant at the end of each fiscal year.
on how to monitor the
The issue referenced above relating to the NIH imposed salary cap has been addressed. The University performed a 100% review for FY 2006 of all persons over the salary cap that were paid from NIH monies, and will have corrected any grants which had been inadvertently overcharged by making the appropriate adjusting journal entries in order to reimburse the difference by December 31, 2006. The University has developed procedures within the central accounting offices to monitor the NIH salary cap on a quarterly basis and is working closely with departmental administrators to ensure they understand the salary limitations on NIH awards.