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Closeout

The closeout of the project is the process by which the sponsor determines that all applicable administrative actions and all scientific work on the project have been completed. Key features of closeout are the submission of all final technical and fiscal reports and the settlement of cash. Unspent balances may have to be refunded to the sponsor. Charges to the project are not permitted after the termination date, although purchase orders for outstanding items may still be honored. Salaries, subrecipient charges, and travel must all be performed clearly within the project period dates.