Complete the Closeout Process

Closeout requires balancing the budget, expenditures, billings and payments. This may entail removing an overdraft or refunding unspent amounts to the sponsor.

Specific requirements vary by sponsor; details are contained in your contract/award document. The award document will indicate if the sponsor requires a final invoice, a final project or financial report, and instructions for the disposition of an unspent balance.

Follow the UIC Sponsored Project Closeout Checklist to ensure that departmental closeout tasks are completed in a timely manner.

For most Federal awards, all reports are due within 90 calendar days of the award end date.


UIC Sponsored Project Closeout Checklist

Closeout Procedures, from Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Section 200.343)

Closeout Training Materials