clinical research account set-up/business practices
TRANSCRIPT
Clinical Research
Account Set-Up/Business Practices
Applicable TTUHSC OPs • HSC OP 10.16: Compliance • HSC OP 50.03: Account Manager Designation and Signature Authority• HSC OP 50.07: Proper Handling of Cash Collections• HSC OP 50.08: Secondary Depository Procedures• HSC OP 50.09: Deposit of Private Gifts, Grants, and Agreements• HSC OP 50.21: Change Funds and Petty Cash Funds• HSC OP 50.34: Residual Funds Derived from Drug Studies, Clinical
Trials, Fixed-Price Contracts and Investigator-Initiated Research
• HSC OP 50.35: Unidentified Receipts and Holding Account Maintenance
• HSC OP 65.01: Establishing Sponsored Program Accounts/Budgets• HSC OP 65.02: Facilities and Administrative Cost Recovery Plan• HSC OP 65.06: Contracts and Grants Made Directly to Individuals
New Study Accounts Summary
• Occurs upon receiving first check
• Checks (from the sponsor) should be mailed directly to the Division of Clinical Research (Pam Frazier). The liaison (Dawn Bender) will then notify you with information and request documentation.
• If you are at a regional campus and the sponsor incorrectly sends the check to you, the check should be deposited immediately into a holding account. The Financial Monitor (Jill Raupe) should then be notified. If you are at the Lubbock campus please send the check to the Division of Clinical Research (Pam Frazier).
• You will then complete these forms:-Account History Form-Signature Authority Form (HSC OP 50.03)
-Budget Revision Form
• Copy ALL of these forms for your records and send originals to Financial Monitor (Jill Raupe), mail stop 8146
• Account number assigned by Accounting Services (Kathleen Emmons)
Locating Forms Online
• Budget Revision Form
• History File Form
• Signature Authority Form
Forms may be saved to your hard drive for quicker
and easier access for future use.
http://www.fiscal.ttuhsc.edu/accounting/forms/
The Budget Revision Form
• Revenue– Code 48: Investigator payments
• Expense– Code 55: F & A (indirect costs)
• Formula: Total amount divided by 1.25 X .25 = indirect rate
• Other expense codes– Code 02: Other salaries– Code 07: Fringe Benefits– Code 10: Maintenance and Operation– Code 23: Subject Costs
Established Study Accounts Summary
• Checks (from the sponsor) should be mailed directly to the Division of Clinical Research (Pam Frazier). The liaison (Dawn Bender) will then notify you with information and request documentation.
• If you are at a regional campus and the sponsor incorrectly sends the check to you, the check should be deposited immediately into a holding account. The Financial Monitor (Jill Raupe) should then be notified. If you are at the Lubbock campus please send the check to the Division of Clinical Research (Pam Frazier).
• You will then complete this form:– Budget Revision Form
• Copy form for your records and send originals to Jill Raupe, mail stop 8146 or [email protected]
– Both electronic and paper copy allowed
• Accounting Services (Kathleen Emmons) processes Budget Revision Form
Closing a Study Account
• Final payment received, deposited, and budgeted
• Check study files to determine if all payments have been made
• Check contract and/or sponsor to determine if TTUHSC may keep remaining funds
• Complete Budget Revision form and submit to Financial Monitor (Jill Raupe)– Code 94: Non Mandatory Transfer OUT of study account– Code 98: Non Mandatory Transfers INTO residual account
• Accounting Services (Kathleen Emmons) will then perform a final check of indirect costs and close account; rolling money into residual account (HSC OP 50.34)
Fee Invoicing
• Division of Clinical Research
– Will invoice for administrative and pharmacy fees for clinical trials (all campuses)
• Research Integrity Office
– Will invoice for IRB fees for clinical trials
(all campuses)
Contact Information
• Liaison: Dawn Bender– 743-2556– [email protected]
• Financial Monitor: Jill Raupe– 743-4754– [email protected]
• Director of Contracting: Pam Frazier– 743-4367– [email protected]
• Accountant: Kathleen Emmons– 743-1888 x 267– [email protected]