1. A non-competing continuation award does not arrive when anticipated;
2. An application is submitted and the sponsor acknowledges its award, however, the formal grant document is not received by the University when funds are needed;
3. An award is received, but its setup is delayed due to budgetary or other issues.

1. maximum dollar amount of the underwrite;
2. anticipated date of sponsor award; and
3. any budget category restrictions for the underwrite.

An account number to which charges may be transferred also is required should the anticipated award not be granted or should some expenditures be disallowed.
Underwritten accounts carry an element of risk. If the award is not received, the unit underwriting the account assumes responsibility for accumulated expenses. If the award is received and its start date is later than anticipated, all expenses accumulated prior to the official start date may be disallowed by the sponsor. An account number will be required should the anticipated award not come through, or should expenses charged to an underwritten account be disallowed by the sponsor.

1. All pre-award costs charged to an underwritten account must be reasonable,allocable, and allowable;
2. Pre-award costs on federal grants can normally be charged to underwritten accounts 90 days before the award’s official start date. (Note that most non-federal sponsors DO NOT allow pre-award costs).