Evaluation of Financial Repression and Capital Controls in Sudan
This study evaluates the fiscal effects of financial repression and capital controls on outflows in Sudan, focusing on the potential impact on the government's fiscal balance. It explores the background, methodology, main findings, and limitations of these measures, assessing their implications for the country's fiscal stance post the loss of critical oil revenues. The estimation of revenue from financial repression based on Giovannini & De Melo's methodology is also discussed.
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Time and Effort Reporting Division of Research & Federal Relations Unit of Grants and Contracts Management
Time and Effort Topics Definition of Effort Time and Effort Reporting Certification Process Falsification of Reporting Risks of Non-Compliance Corrections to Effort Report
Definition of Effort the portion of time spent on a given activity expressed as a percent of total activity for which an individual is employed by the institution A reasonable estimate Degree of tolerance: up to 5% Must equal 100% Is NOT based on workweek of 40 hours
What is time and effort reporting? The after-the-fact mandated method of certifying to federal agencies that effort charged to an award has actually been completed. The records must be supported by a system of internal controls which provide reasonable assurance that the charges are accurate, allowable, and properly allocated.
Why do we do effort reporting? As recipients of federal funding, we are required to abide by OMB Circular A-21 J10 (b) and the new Uniform Guidance 2 CFR 200.430.
How do we certify effort? The after-the-fact verification is accomplished through the effort reporting system in JSU P.A.W.S.
Who needs to certify and review effort? All faculty and staff who receive any portion of their salary from a sponsored project. Principal investigators (PIs) must review. PIs must ensure that all effort reports for sponsored activities are certified and reviewed in a timely manner. You should not certify and review/approve your own certification report without the next level approver.
When do we report effort? Within thirty days after the end of each quarter Quarter January March April June July September October December Due April 30th July 31st October 31st January 31st
When is the process complete? Once an effort report is certified and reviewed by all PIs and/or supervisors involved, it is considered complete. The status of the effort report must be completed and locked . Upon completion, these reports are considered legal documents subject to internal and external audits.
Falsification of Effort Reporting Erroneously certifying effort can be viewed as fraud. Don t certify unless the document is correct. Could result in consequences as outlined in the Federal False Claims Act.
Risks of Non-Compliance May not receive reimbursement for funds expended May be required to repay grant funds May impact future federal funding May suffer a damaged reputation
Corrections to Effort Report Salary reallocations/labor redistributions Certification process starts over after changes have been made.
Summary After-the-Fact accounting of committed time on a specific project. Must be certified by the employee. Must be reviewed by the PI or a responsible official of the institution with first-hand knowledge of the employee s effort. Must be incorporated into official records of the university. Must be done in a timely manner.
Questions? Time and Effort Administrator * 601.979.6345 Tande@jsums.edu Illiad L. Kelly, Director Unit of Grants and Contracts * 601.979.2056 illiad.l.kelly@jsums.edu
