| Responsible Office | Controller's Office |
|---|---|
| Contact | Vice Chancellor-Finance |
Policy Summary
Award close-out procedures are primarily focused on achieving the following goals in accordance with agency and University requirements: (1) Preparing all final reports and invoices for submission to the awarding agency; and (2) Inactivating the fund in BFS. Failure to submit a financial report on time puts the University at risk of incurring penalties, including the withholding of an award, withholding payments on invoices, or revocation of the Expanded Authorities Agreement.