Sponsored Research Closeout Procedures
1. Background Information
The听closeout team is responsible for reviewing each speedtype, project, and award for compliance with sponsor, university, and federal rules and regulations. Generally, departmental corrections and finalized expenditures should be completed within 90 days of the award end date.听
During award closeout, our team performs the following:
- Verifies that reported costs are allowable, allocable, and directly beneficial to the project.
- Clears any residual cash balance in accordance with sponsor guidelines (i.e. refund, department transfer,etc.).听Fixed price residuals will be handled in accordance with the attached