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What is Grant Closeout? Closeout means the process by which the Federal awarding agency or pass -through entity determines that all applicable administrative actions and all required work of the Federal award have been completed and takes actions as described in 200.343 Closeout.
The process is initiated by the signing official of the institution that holds the award, who submits a Relinquishing Statement in eRA Commons and identifies the institution that will take over the award. This process must occur before the expiration of the current approved project period.
Government grants related to assets are presented in the statement of financial position either by setting up deferred income or by deducting the grant in arriving at the carrying amount of the asset.
What is Grant Closeout? Closeout means the process by which the Federal awarding agency or pass -through entity determines that all applicable administrative actions and all required work of the Federal award have been completed and takes actions as described in 200.343 Closeout.
Basic Tasks (step-by-step instructions from the online help)* Determine which grants require closeout. View grant closeout requirements under Closeout Status. Submit Federal Financial Report. Submit Final Invention Statement and Certification. Submit Final Research Performance Progress Report (Final RPPR)
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Progress reports must be must be submitted through the eRA Commons system. Please contact your Government Program Official (GPO) for program specific submission information. Additional information on reporting requirements is available at .
Closeouts reconcile the financial information for periods in a fiscal year. You can perform period closeouts and annual closeouts to finalize the financial records for a fiscal year. Activities might span multiple fiscal years. Funding accounts in activities are associated with a single fiscal year.
Government Program Officer (GPO): The GPO is responsible for the programmatic and technical aspects of the grant. The GPO works in partnership with grants management staff on post-award administration, including review of progress reports, participation in site visits, and other activities.
The Grants Life Cycle has three major stages: pre-award, award, and post-award. The applicant / recipient and awarding agency have unique roles in each stage. The duration of an award may vary depending on the nature of the project.
The policy chapter directs Institutes/Centers (ICs) to initiate a unilateral closeout a closeout without the cooperation of the grantee 180 days after the project end date if it has not received acceptable final reports required by the terms and conditions of an award.

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