Award Life Cycle
8. Closeout
Process
- For expiring awards, PI/Department Administrator (DA) will finalize and discontinue
all expenditures (payroll, P-Card, travel, encumbrances, subcontracts and subawards)
and all recurring charges (IT, cell, etc).
- PI/DA prepares any accrued annual/sick leave payout for employees terminated prior
to end date of the project.
- PI/DA approves final invoice and/or financial report for submission to sponsor. Sponsored
Research Post Award submits to sponsor.
- PI works with Sponsored Research to ensure that all deliverables have been met and
non-financial (technical, property and Intellectual Property) reports have been completed
according to sponsor and university guidelines.
- Sponsored Research Post Award prepares final releases, if applicable and submits to
Sponsored Research for signature and submission to sponsor.
- PI/DA works with Sponsored Research Post Award to resolve over-expenditures, if needed.
- Sponsored Research Post Award provides roll-over analysis reports to PI/DA for fixed
price projects.
- After all expenses are accounted for and payments received, Sponsored Research Post
Award inactivates chartfield and enters retention milestone.
- PI/DA maintains records until receipt of notification from Sponsored Research Post Award to purge.