Grant Close-Out
At the end of a sponsored project the fund will be reviewed for any errors. During this process if any unallowable expenses are discovered the charges must be transferred to a departmental fund. Cost Sharing and Effort Reports will be verified and deficits need to be cleared. Additionally, any open encumbrances must be closed. If the project is fixed price and a balance exists, GCSR will close-out the fund according to the Close-Out of Fixed Price Agreements insturctions.
(10/26/2007)