Page 43 - Research

BSIT

Bachelor of Science in Information Technology

Level III Phase II

Project personnel may also use their personal cash to travel subject for reimbursement by

following standard procedures, provided that they do not exceed the approved line-item budget.

B.3.4 Release of Funds

The procedure of releasing research budget for a project funded by the College shall

be the following:

a. Funds shall be released in accordance with the approved line-item budget of the

project, provided there are no unsettled cash advances and subject to the

availability of funds of the implementing unit. Unforeseen expenses for materials

during the planning stage but actually needed in the implementation/completion

of the project shall also be considered;

b. Progress reports shall be required for the succeeding releases of funds;

c. Additional cash advance shall be allowed only if previous cash advance is fully

liquidated; and

d. Realignment or reprogramming of the line item budget is allowed as long as it is

within the approved amount of the project.

C. Financial Management Guidelines for Externally Funded Projects
(Excerpts from the JHCSC Research Manual)

When project funds are channeled to the College, at least 7.5% of the total project cost shall be paid

to the college as administrative cost and 50% of the 7.5% of which shall go to the Research and Development

Office to fund research related activities.

For institutional and individual commissioned projects, a Memorandum of Agreement (MOA) shall

be executed between the implementing unit and the sponsoring/funding agency; the college shall authorize

a researcher to serve as a project leader.

C.1 Responsibilities of the Host Institution are Subject to the Provisions of the MOA:

a. Approves and supports the participation and involvement of the researcher;

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