Frequently Asked Questions

How often will I receive information from the FRS Accounting System about my program?

Monthly. The budgetary official will receive month-end statements generated by the FRS system every month.

How often will I receive accounting reports prepared by the Grant and Contract Accounting Office?

It varies. Financial reports are prepared according to the timetable set by and in a format established by the funding agency. For reports in a different format you can contact the Grant and Contract Office at 694-6548 to make a request.

If the grant/contract allows more for travel per diem or a higher mileage rate then PSTCC policy, which will if prevail?

All travel payments made by Pellissippi State will follow PSTCC travel policy.

What internal / external approvals do I need for a budget revision for my program?

It varies.

What should I do if I suspect an erroneous transaction in my account?

Notify the Grant and Contract Accounting office immediately. The transaction will be investigated and any necessary correcting entries will be made. It is very important to continually monitor transactions and verify any necessary corrections prior to June 30 and/or the grant/contract end date.