Fund Closeout
Once a grant is completed the funds that were created as part of accomplishing the
proposal's goals and objectives will need to be closed. As part of this process, the
Office of Sponsored Programs (OSP) will examine the after end date expenditures and
any expenses that would not be allowable. Once those expenses are removed and final
payment is received, the fund can be closed and the grant will be completed.
In many cases, final payment will not be sent until the funder receives both the final
financial report AND the final technical report. OSP will provide the financial reports
for the grant throughout the life of the grant and at its close; it is the responsibility
of the researcher to ensure that their technical report is submitted on time. Failure
to do so may result in that researcher being banned from further funding from that
funding source as well as banning the School from receiving funds from that agency.
The researcher shall provide OSP with a copy of all technical reports.