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.