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Grants Closeout Presentation FY-2008

Grants Closeout Presentation FY-2008. Requirements. Final Financial Status Report SF-269 or SF-269A Final Progress Report Final Invention Statement. Grants Policy Statement HHS January 1, 2007. Closeout

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Grants Closeout Presentation FY-2008

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  1. Grants Closeout Presentation FY-2008

  2. Requirements • Final Financial Status Report SF-269 or SF-269A • Final Progress Report • Final Invention Statement

  3. Grants Policy StatementHHS January 1, 2007 Closeout • The OPDIV will close out a grant as soon as possible after expiration if the grant will not be extended or after termination, as provided in 45 CFR 74.71 through 74.73 and in 45 CFR 92.50. Closeout includes ensuring timely submission of all required reports and adjustments for amounts due the recipient or the OPDIV.

  4. Following closeout, the recipient remains obligated to return funds due as a result of later refunds, corrections, or other transactions, and the Federal government may recover amounts based on the results of an audit covering any part of the period of grant support.

  5. Closeout of a grant does not automatically cancel any requirements for property accountability, record retention, or financial accountability.

  6. ACTION • Grants must be closed-out 180 days after the end of the budget and project periods and de-obligate any unexpended funds. (90 days by regulation and 90 days of grace period)

  7. Non-Compliance • Grantees that are under default of the Terms and Conditions will be on the Non-Compliance Data base. They will be recommended to the Oversight Review Team to undergo a desk review, on-site review or an audit and future disallow of funds, termination and Debarment and Suspension

  8. FOR INFORMATION ABOUT GRANTS CLOSEOUT PLEASE CONTACT • Hector A. Buitrago, Grants Management Officer, Branch III Team II at 770-488-2921 • Stephanie Lankford, Senior Grants Management Specialist at 770-488-2936

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