Grant & Contract Glossary
A Parent is the budget which is used to group together multiple budgets under the same award. For example, a sponsored agreement for a specific project may involve several segments/departments and the individual departments wish to establish separate control budgets for processing purchases and recording salaries. Each budget is set up with the control (parent) budget number in order to combine budget information on the Consolidated Budget Status Report by Parent for overall review by the Program Director.
Sub-Budgets for Funding Restricted for a Specific Purpose
Faculty members with funds restricted within a grant for a specific purpose (e.g. a supplement given to be used only for salaries and supplies of a specified individual or group of individuals) are encouraged to establish a sub-budget. To that sub-budget, they are encouraged to transfer the restricted funding and post only related expenditures. This will improve tracking and subsequent reporting to the sponsor.
