Record Retention Standards


Purpose 

To describe the standards and methods of retention that the AUI uses for its financial reports, supporting documentation and other award-related records.

Procedures

The AUI retention standards for financial reports, supporting documentation, and other award-related records are kept in accordance with the NSF award policy retention standards which state: “Financial records and other records pertinent to a grant must be retained for a period of three years of the closeout of a NSF award. Records related to projects for audits, appeals, litigation or the settlement of claims arising out of the performance of the project will be retained until such audits, appeals, litigation or claims have been disposed of.” The AUI/NRAO Chief Accountant retains these records in a secure location.