The Office of Grants and Funds Management (GFM) is responsible for the accounting and management of all restricted contracts and grants within the USC System. Grants and Funds Management prepares invoices, electronic banking transactions and financial reporting for each grant or contract. They also assist with the preparation of the facilities and administrative costs (indirect costs) Report and negotiation of USC’s indirect cost rate. In conjunction with Sponsored Awards Management, Grants and Funds Management establishes accounts for restricted funds in PeopleSoft. Principal investigators and departmental business administrators should work closely with the GFM to ensure proper management of sponsored award funds.