Effective February 15, 2024, RCA will adjust the accounting process for Cost Share F&A.

Currently F&A is being charged on cost share projects where no specific exclusion was requested in the award cost share agreement.  F&A on cost share charges is being recorded in the Cost Share Project and debited to COA with an expectation for the department to fund.

F&A for the cost share charges will be recorded in the Cost Share Project.  However, there will be no debit to the CoA, effectively forgiving the obligation for the department to fund.

F&A charges on cost share projects made prior to February 15 and that have already debited CoA accounts will be reversed by RCA prior to the end of FY24.

We have received multiple emails and helpdesk tickets regarding the ability to access FY24 dates in SPFF.  The GL Accounting Period filters are not functioning as expected on the Admin and PI SPFF Dashboards.  The iO support team is working to reset the filters.  The target date for a resolution is 02/16/24.  Please check the Known Issues page (https://ioevolution.rice.edu/known-issues) for updates.