What is a Close Out? 

 

  • Projects are Closed Out after the sponsor receives and approves all reports as required by the terms and conditions of the award.
  • Required final reports may include the following:
    • Technical
    • Financial
    • Equipment
    • Patent/Invention
    • Sponsor specific reports

 

Note: Other administrative offices may be involved in the close out process. (i.e. EFM, TDG, and Equipment Management).

 

 

Why is it important?
 

  • Sponsors may impose institutional sanctions with regards to funding as a result of non-compliance.
  • These types of sanctions may impact the University standing and Letter of Credit with federal sponsors.

 

 

Page Last Updated: June 22, 2017