Finance and Sponsored Projects: Are you An NIH-Funded PI? Learn What the New NIH Fiscal Year Means for You

The National Institutes of Health has entered a new fiscal year and is now operating under a continuing resolution. Learn what this means for your current funding

The National Institutes of Health (NIH) has entered a new fiscal year and is now operating under a continuing resolution. This allows the NIH to continue at the same level of funding as the previous fiscal year until final budget appropriations are made in 2013.

What does this mean to you? If you are a principal investigator currently funded through the NIH, your non-competing awards will be awarded at about 90 percent of the expected amount. Once the NIH has its fiscal-year-2013 budget approved, they typically release a revised Notice of Award to release any additional funds that may be available.

Your SPO will be available to help review the terms of your NIH award and discuss your options. You can refer to NIH website (www.nih.gov) and search for notice NOT-OD-13-002 for additional information.

Contact: Aaron Ufferman
Aaron.Ufferman@NationwideChildrens.org