I have a question on how to best enter the revenue expected for our grants. The guidance is for the revenue to net to zero on the C&G, but when we've reviewed our quarterly statements, the revenue lines had been highlighted. Should we be entering revenue quarterly to net to zero or should we be approximating the invoicing so that we have seasonality?
They have stopped marking the revenue line items for Contracts & Grants. With that said, you should still align the revenue seasonality with the expense seasonality since most of the Contracts & Grants are cost reimburseable. If you have some grants that are not cost reimburseable and you have some idea of how they will be invoiced, you can adjust for that if it is material, otherwise have the revenue follow the expenses.