Closeout Checklist - J05
The purpose of this procedure is to ensure compliance with OMB Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, 2 CFR §200.343 Closeout. According to §200.16, 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 described in §200.343 Closeout.
This procedure applies to all sponsored projects subject to OU Policy 19.045 Administering External Grants and Contracts set up as separate accounts in the OHIO Financial Management System (FMS).
|90 DAYS PRIOR TO THE AWARD END DATE|
|___||Review the rate of spending to time left on the award|
|___||Budget Revision (K01)|
|___||Cost Share Documentation Review (J01)|
|30-60 DAYS PRIOR TO THE AWARD END DATE|
|___||Review Labor Distribution|
|___||Tuition Allowance Verification|
|NO LATER THAN 90 CALENDAR DAYS AFTER THE AWARD END DATE|
|___||Expenditure Review (G01)|
|___||Other Paid Expenses|
|___||IDC & Fund Balance Reconciliation|
|___||Fixed-Price Award Disbursement (J04)|
Training is available through ORSP upon request. Submit request for training to ORSP@ohio.edu.
Forms and Templates
Closeout Checklist printable PDF
Roles and Responsibilities
CONTRIBUTOR: ORSP and Grants Accounting