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Closing an Award
Closing an expired account (cost center): The Principal Investigator is responsible for filing the final technical report in accordance with the schedule contained in the award document or in the sponsor's published regulations. The Office of Sponsored Programs (in conjunction with the PI) is responsible for submitting the final invention statement. The Sponsored Accounting Office (SAO) is responsible for filing the financial report, the property accounting report, and other required close-out documents, if applicable.
If an "unexpended balance" of funds remains on the account at the close of the project, the disposition of the balance will be in accordance with the sponsor's policies and regulations.
If there is an "overdraft" in the account at the end of the project, it is the responsibility of the principal investigator and the department to work with the Sponsored Accounting Office to resolve the shortfall of funds.
Requests for "extensions" or "supplements" must be addressed to the sponsor through the Office of Sponsored Programs.
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