KENTUCKY STATE UNIVERSITY
Policies and Regulations
PROCEDURE TITLE:
Sponsored Project Closeout
APPLIES TO:
All principal investigators, departmental staff, and administrative units involved in managing externally sponsored projects
ADMINISTRATIVE AUTHORITY:
Office of Research & Innovation (ORI)
Sponsored Projects
Office of the Provost and Vice President of Academic & Student Affairs Division of Finance & Administration
APPROVED BY:
EFFECTIVE DATE:
NEXT REVIEW DATE:
PROCEDURE STATEMENT:
The timely and accurate closeout of sponsored projects is a critical institutional responsibility. This procedure establishes the required actions and shared responsibilities for finalizing all financial, technical, and administrative aspects of a sponsored award. Adherence to this procedure is mandatory to ensure compliance with sponsor requirements, federal regulations, and sound financial stewardship.
DEFINITIONS:
Award Closeout
The process of completing all required reports, reconciling all financial transactions, and fulfilling all administrative obligations with a sponsored project after its period of performance has ended.
Period of Performance