Closeouts
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THE OFFICE OF SPONSORED PROJECTS Closeouts
description
Closeouts. The Office of Sponsored Projects. Agenda. The Office of Sponsored Projects (OSP) Grant Life Cycle Common Reporting Requirements and Timelines The Pre-award Closeout Process The Office of Post-award Management. The Office of Sponsored Projects. Rachell Reilly – Director - PowerPoint PPT Presentation
Transcript of Closeouts
THE OFFICE OF SPONSORED PROJECTS
Closeouts
Agenda
The Office of Sponsored Projects (OSP)
Grant Life CycleCommon Reporting Requirements and
TimelinesThe Pre-award Closeout ProcessThe Office of Post-award Management
The Office of Sponsored Projects
Rachell Reilly – DirectorAmanda Miller – Manager, ContractsEmily Lacy – Manager, GrantsDina Caplinger – Specialist IIIJonathan Spencer – Specialist IIIAndrea Selmon – Specialist III Angela Fazarro – Specialist IIIBrian Scott - Specialist IRebecca Everett – ASO III
Our Mission
To coordinate the preparation, submission and management of externally funded research projects, educate researchers about funding opportunities and sponsor policies, and negotiate terms for research contracts.
Grant Life Cycle
Finding Funding
Proposal Development
Project Set-up
Award Management
Award Closeout
Common Grant Closeout Reports
Technical Report Description of the research performed, includes significant results,
publications resulting from the project, etc. Property Report
List of capitalized equipment or property purchased with grant funds.Invention Report
List of all inventions conceived or first reduced to practice during the project.
Financial Report Details how grant funds were expended during the project and
includes the balance of unobligated funds to be returned to the Sponsor.
Other Reports As required by the terms and conditions of award.
Common Contract Closeout Reports
Closeout reports determined by the contract itself. Possible Reports:
Technical Report – same as Grant Final Technical Report. May include final deliverables.
Financial Report – Same as Grant Financial Report. If a fixed-price contract, any unobligated balance is retained by the university and financial reports may not be required.
Other as required by Sponsor.
Common Reporting Timelines
Most reports are due within 90 days after the project period ends.
Failure to submit complete and accurate reports by the due date can result in serious consequences for both the PI and the university.
OSP Notifications
90 days prior to the end date of a grant or contract: OSP sends an email notifying the PI. The PI’s
departmental administrator is copied on the email. If an grant extension is needed, PI must contact their
Grants Specialist.OSP is copied on email correspondence from
most federal Sponsors regarding due or overdue reports.
Report Submission
When OSP assistance is needed to submit reports: PI completes all reports and forwards them to OSP. OSP receives institutional approval for the Property
and Invention reports by contacting Property Management and the Office of Technology Commercialization.
Once institutional approval is received, reports are submitted to the Sponsor.
When OSP assistance is not required: PI submits reports directly to the Sponsor and
provides a copy to OSP.
OSP Process
Grants Specialist confirms all reports have been submitted – or all contract terms and conditions have been satisfied.
Grants Specialist marks the grant/contract as ‘closed’ internally and forwards closeout paperwork to the OSP Director for approval.
Once approved, the closeout paperwork is forwarded to The Office of Post-award Management, the Office of Finance, and the PI’s department administrator for processing.
Contacting OSP
OSP Main Office – x2313 [email protected]
Rebecca Everett – x4313 [email protected] Reilly – x2040 [email protected] Miller – x4575 [email protected] Lacy – x4572 [email protected] Caplinger – x2312 [email protected] Spencer – x2041 [email protected] Fazarro – x4622 [email protected] Selmon – x2315 [email protected] Scott – x4552 [email protected]
Websites
OSP (current PI lists)http://www.utdallas.edu/research/osp/index.html Researchers Guidehttp://www.utdallas.edu/research/guide/index.php Forms http://www.utdallas.edu/research/osp/forms.html
THE OFFICE OF POST-AWARD MANAGEMENT
Closeouts
OFFICE OF POST AWARD MANAGEMENT
Lori Taccino, DirectorKelly Mckinney, Assistant Director Jinger Rosa-Booth, Financial AnalystLesley Stephenson, Post Award Management
SpecialistLaKeshia Stringfellow, Post Award
Management SpecialistCindy Sutton, Financial Analyst
POST AWARD CLOSEOUT
Once OSP sends out the Closeout form to the departments, OPM will begin to review the documents and continue with processing the closing of the grant. OPM will check the date to make sure the closeout is
commencing at least 90 days after the expiration date. OPM will reduce the budget to actuals, upon notification
from Accounting that they have completed their final bill.
OPM will change the Bill Plan and Revenue Plan to “completed”, in order to change the contract line to “closed”. The Project status is also changed to “closed” within the Grants Module.
POST AWARD CLOSEOUT CON’T
OPM will work with the department on removing expenses off the grant, if the budget is overdrawn, in order to bring the budget to zero and finalize the closeout.
OPM will notify Accounting that the contract is closed within the Grants Module.
CLOSEOUT CHECKLIST
This checklist will remind the department what actions need to be taken in order to ensure a smooth closeout of a grant: Initiate PAFs to move future salary/benefit charges to
a new account Cease telecommunication, postage, & equipment
charges Evaluate the account to ensure there is enough
budget to cover known future expenditures. Analyze the account for any charges that may be in
question.
GUIDELINES
Please make sure that all documents (vouchers, Purchase Orders, etc) are processed as soon as possible.
No expenses can be incurred past the end date of the grant.
Only expenses incurred before the end date can be charged to the award.
Department can’t spend remaining funding once grant has expired.
The Role of the Office of Finance
The Office of Finance is responsible for closing the cost center in PeopleSoft.
They are responsible for completing the final financial report, sending the final bill to the sponsor according to the agreement terms, reviewing encumbrances, & ensuring all invoices have been paid.
THANK YOU!
