General Administration Resources

Account Close Out

The Division of Finance conducts the final financial reporting/billing.  Sponsored Programs obtains certification and backup documentation of any cost sharing committed to the project. Work Units/Departments will be asked to provide a timely final accounting of project costs. 

A Close Out consists of the following elements:

  •  Final confirmation of account balance adjusted for open commitments
  • Final confirmation of cost sharing, including subcontractor or third party cost sharing
  • Final certification of Time and Effort Reports