1. Sponsored Program Closeouts

2. Reporting Responsibilities
Principal Investigators (PI’s)
are responsible for preparing and submitting all technical reports and disclosure statements associated with their sponsored projects.
Departmental Business Offices (DBO’s)
working in conjunction with their PI’s and post award administrators, are responsible for finalizing the costs associated with their sponsored projects.
Post Award Administrators
are responsible for preparing and submitting
final financial status reports required by sponsoring agencies.

3. Award Closeout Activities
Closeout Policy
Award Closeout Activities
Award Reconciliation
Shadow System
Checklist
60/30 days before end date
30/90 days after end date
Close Commitments
Departments should be reconciling their accounts periodically (preferably monthly).
LOC’s – we can draw down funds rather than having to submit invoices but, many agencies limit us to 88 – 90 after the award end date to do final draws.
Per the Controllers Memo of 10/4/1996, All expenses must be reflected on the general ledger within 60 days after the end date of the award. This will allow DGCA to close out the award – draw down funds (some agencies will not let us do the final draw until they receive our final financial report) and submit final financial reports within agency guidelines.
Most of you probably use REX as a shadow system – this will help in putting together the final figures for an award.

4. All program costs (including payroll)
Final Costs
All program costs (including payroll)
need to be finalized and recorded in the appropriate
4XXXXX account on the general ledger thirty (30) days prior to the due date of the final fiscal report.
The PI and DBO
During the finalization period, the PI, DBO and DGCA should review program expenditures for any unallowable costs and agree on the appropriate adjustments.

5. Cost Sharing Information
Close out of all cost sharing accounts follow same procedure as the prime award
22-XXXX Budget Accounts
Fringe Benefits, Tuition, F&A
40-XXXX or 4X-XXXX Cash Accounts
F&A

6. Technical Reports
Technical reports must be filed with the sponsor within the due dates established under the terms of the award.
DGCA will ask the PI for confirmation that the technical report has been filed with the sponsor.
If a reporting extension is needed, a copy of the letter requesting an extension of the due date of the final report, must be sent to DGCA.
The PI must also retain a copy of the technical report.

7. Unallowable Costs
If any unallowable charges remain on an account after the final fiscal report is filed, they must be cleared by the PI/DBO within six months after the award termination date. If the unallowable charges are not cleared, DGCA is authorized to transfer the charges to any related F&A return account of the Department and if funds are unavailable in the F&A return
account then DGCA is authorized to charge the 20XXXX account of the administering unit.

8. Delinquent Reporting
If and when delinquent reporting becomes a chronic problem with a particular PI, he/she risks the suspension of the processing of new proposals and new account requests until the delinquent reports are submitted by the PI and accepted by the sponsor(s).

9. Close Outs Sub-recipient Closeout Documents
Need invoices marked FINAL from sub-recipient
Technical Report
Cost Sharing documentation if required

10. Close Out Reports Closeout Reporting Dollars Remaining
Process for Reporting
Technical Reporting
Cover Letter
Final Invoice / Financial Report

11. Other Reports Equipment Inventory Reports
Patent, Invention and Intellectual Property
Small Business Subcontract Reporting
Release Statements

12. Close Outs Tuition Remission NIH Salary Cap NIH G/A Cap Award Transfer
Equipment
Receivables
Uncollected

13. Record Retention A-110 Requirements Sponsors Requirements vary.
3 years after the final exchange of paperwork
Sponsors Requirements vary.
University Policies

14. Discussion and Questions?