Closeout of a grant or cooperative agreement is usually a routine administrative activity at the end of the project. OMB Circular A-110 provides guidance for the closeout of a federal award. The University is expected to submit all final financial, programmatic, and other reports, such as technical, property and inventions, within 90 days after the end of the award period. Federal award closeout requirements are generally the same for all federal agencies however closeout procedures vary by award and the terms of the award should be considered during the closeout.
When a project is ending the closing team in the Financial Management Group of SPA works with PI’s, BSC’s and Departments to ensure all appropriate expenses have been applied, final billing and financial reporting completed, final payments collected, and other reports have been submitted before closing out the grant funds.
The closeout process is automated through Banner workflow so that processes can be completed sequentially by PI’s, Departments, BSCs, and the closing team in SPA.
Contact Information:
Sponsored Programs Administration
Financial Management
Service Bldg., 2nd Floor
51 College Road
Durham, NH 03824
FMG email
