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Timeliness Is Important

 

Timeliness is very crucial and important when closing out an award to assure:

  • Full Compliance with the terms and conditions of the award

(This varies from sponsor to sponsor, not one sponsor has the same closeout conditions. Read full conditions of the award and or closeout conditions on sponsor’s website if ever unclear.)

  • Sound award management

(One award can have multiple people working to close it out at the end of its cycle. Sound award management is to ensure that there are no hurdles in the way when submitting a closeout to the sponsor. The PI is responsible for doing the research and submitting the reports, but the department is responsible for ensuring that the closeout is submitted on time.)

  • In addition, collection of all monetary reimbursement for costs incurred

Please vist the UCI accounting website on award closeout for more in depth information.

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