Clinical Trials Financial Management for Sponsored Programs
Handbook Section and Topic Page Links
Section 1: Introduction
Section 2: Proposal and Budget Development
- Charging Administrative Expenses
- Accounting for Unallowable Costs
- Application of Facilities and Administrative (F&A) Cost Rates
- Facilities and Administrative (F&A) Cost Waivers
- Personnel Costs
- Fringe Benefit Rates
- Institutional Base Salary
- Cost Sharing
Section 3: Managing Awards
- Opening or Modifying a Project
- Prior Approvals
- No-Cost Extension
- Cost Transfers
- Effort Reporting
- Salary Cap Administration
- Program Income
- Clinical Trials Financial Management
- Managing Sponsor Payments
Section 4: Travel and Procurement
- Domestic and Foreign Travel
- Memberships, Subscriptions, and Professional Activities
- Managing Subawards
- Small Business Program
- Managing Equipment Acquired with Federal Funding
- Recharge Center Policy
Section 5 Closing an Award
New York University (NYU) scientists are engaged in a wide variety of clinical trials, investigating new approaches to preventing and treating conditions and diseases. A variety of areas are studied, ranging from new pharmaceutical drugs and medical devices to behavioral and biotechnology therapies. These trials are done in close collaboration with scientists, dentists, and physicians from many areas of expertise across NYU.
It is the policy of New York University that all clinical trials shall be performed in accordance with generally accepted standards of good clinical practice, in compliance with the protocol and with all applicable local, state and Federal laws and regulations governing the performance of clinical investigations.
The Principal Investigator (PI) is responsible for Clinical Trial activities including monitoring monthly financial reports.
The department tracks milestones and performs timely billing of study activities for the appropriate Clinical Trial. The department must submit all invoices to SPA for review and approval prior to submission to the Sponsor. The department also coordinates appropriate and timely payments to participants.
The PI and Department Administrator (DA) should ensure that all personnel involved in the research project have met training requirements. The PI and DA are also required to maintain documentation of compliance with training requirements. For assistance meeting these requirements, please contact your Project Officer in the Office of Sponsored Programs (OSP).
The PI and DA should monitor deadlines to ensure timely submission of required documents to federal agencies and other sponsors. Study documentation must be maintained according to sponsor requirements and University policies and procedures.
SPA 014: Clinical Trails
Open SPA 014: Clinical Trails (NYUHome login required)
This learning module will cover the Clinical Trials Financial Management for Sponsored Programs policy as outlined in the SPA Handbook.
Duration: 5:00 minutes