Challenge Grant Procedures

Challenge Grant Procedures

• Challenge Grant Procedures for Department Processing
  • Scholarships
  o You will receive the available funds notification from the NDSU Foundation
  o NDSU will setup the Challenge Grant Budgets in the 79400-79599 series for reporting purposes (these are not additional funds but the same funds the NDSU Foundation has notified you of)
  o Scholarships – use current process to request scholarships to be awarded via the Financial Aid & Scholarship Office
  • Operating Expenses/Salaries
  o Use the normal NDSU Accounts Payable and Payroll procedures
  o Documents should be sent through Grant & Contract Accounting prior to going to Accounting
  o Use the applicable Challenge Grant Funding Source – fund # should be between 79400-79599 – Contact Grant & Contract Accounting with questions
  • All Challenge Grant Funds will be billed by the Grant & Contract Accounting Office. Payments from the Foundation will be directed to the Grant & Contract Accounting Office and recorded in accordance with the billings.