This document discusses settlement funds, the Investment Fund, project authorization, project costs, accounting procedures, lapses, equipment, contracts and grants. Appendices discuss state and federal internal financial procedures. Download Financial Procedures
Award recipients may carry forward unspent funds to the same line item in subsequent fiscal year of a multi-year project if the adjustment does not alter the underlying scope or objectives of the project. Carrying forward unspent funds beyond the final year of a multi-year project requires Executive Director approval and require a No-Cost Extension Request. Agencies are authorized to carry forward released project funds that have not been expended to the subsequent fiscal year of a multi-year project or, alternatively, return them to the Investment Fund, if requested by the Executive Director. Please see Section IV. Adjustment to Budgets, C. Adjustments between Fiscal Years of a Multi-Year Project in the Financial Procedures.
Principal investigators may request adjustments between projects (applies to the LTRM program) or adjustments between line items within a project. These requests can be submitted through the annual report form or the quarterly report form. Please see Section IV. Adjustment to Budgets, A. Adjustments between Projects and B. Adjustments between Line Items within a Project in the Financial Procedures for details and conditions.
These policies were written to provide the Exxon Valdez Oil Spill Trustee Council with a comprehensive set of guidelines for the proper management of its investment decisions. Download Investment Policies
