Published on Tue, 21/04/2015 - 12:23
Research Councils UK (RCUK) have recently advised that following discussions between themselves and Research Organisations, they have decided that the requirement for reporting overspends on grants will no longer be enforced as a condition of their funding for the time being.
However, after consulting with the Finance Division, the Research Office can confirm that the University guidance is to continue our current practice as outlined in the Financial Procedures, whereby we report on overspends using the method prescribed. This process will now be advised as best practice instead of being a compulsory requirement. If you have any questions please contact your School Team http://www.admin.cam.ac.uk/offices/research/contact/list.aspx.