In partnership with Vancouver Coastal Health (VCH) and University of British Columbia (UBC) Financial Services, the Vancouver Coastal Health Research Institute (VCHRI) Finance team provides advice and guidance to investigators to manage their research funds, along with a variety of financial services including:
- Opening and closing of research cost centres
- Signing authority changes and reports distribution
- Managing accounts receivables, payables and all financial transactions
- Maintaining cost centres to be in good standing and addressing deficit issues
- Queries related to policies and procedures
- Managing distribution of returned ICR
- Budgeting and financial reporting
Financial Administrative Responsibilities of the Principal Investigator
VCHRI principal investigators are responsible for the management of their individual research accounts. VCH and UBC provide ledger reports at the end of each accounting period which must be reviewed by the account holder to ensure their research account activity is in compliance with VCH and UBC financial policies and procedures, in addition to the policies of the individual funding agency. Learn more about each institution’s policies and guidelines:
The VCH fiscal year runs from April 1 to March 31 and consists of 13 accounting periods as per the VCH accounting schedule*.
The UBC fiscal year also runs from April 1 to March 31; however, it follows the calendar month cycle and has 12 accounting periods as per the UBC accounting schedule.
Policies and Forms
The VCHRI Finance team ensures that funds managed by VCH researchers are administered in compliance with VCH and UBC financial policies and procedures and adhere to funding agency and accounting policies. VCH and UBC report financial activity in accordance with Canadian Public Sector Accounting Standards issued by the Public Sector Accounting Board. Learn more about each institution’s financial policies and procedures, and find frequently used forms below.