Effectively Closing Out Your Federal Grant Awards

Webinar • Tuesday, September 21, 2021 • 2:00-3:30 p.m. ET

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$249.00 Effectively Closing Out Your Federal Grant Awards (09.21.21) (On-Demand Recording)
Webinar Details

Prerequisites: Some knowledge of federal grant management and audit requirements is helpful

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

Federal grantor agencies have grown impatient with tardy grant closeouts. After the Government Accountability Office questioned why grant accounts with millions of dollars in undisbursed funds were still awaiting closeout, things got very serious. Not surprisingly, when GAO asked for answers, the federal agencies often pointed the finger at actions taken or not taken by recipients and subrecipients.

Now they are applying pressure on nonfederal entities to get moving at the end of performance periods and accomplish all the actions necessary to ensure timely award closeouts. At the same time, the Office of Management and Budget has revised the uniform guidance in 2 CFR 200 to adjust the recipient and subrecipient reporting deadlines to redefine what’s actually “timely.”

In this current jacked up “closeout environment,” it’s clear that you’re going to need to take effective steps to conduct what will continue to be a high-profile activity, and to monitor your responsibilities that remain after closeout. This webinar is designed to help you do those two things. You’ll get answers to these — and many other — questions:

  • What are likely to be your closeout pressure points?
  • How has OMB ramped up the required closeout procedures?
  • What are the routine and “not-so-routine” closeout tasks?
  • Which financial, performance and property reports will be due and when?
  • How can you best settle obligations incurred and cash received?
  • What prerogatives exist for retaining or disposing of grant-acquired property?
  • What do the rules say about closeout of subawards?
  • How does closeout of individual awards align with the single audit requirement?
  • What continuing records retention and access responsibilities remain after closeout? 
  • How can you charge costs of closeout activities after the performance period?

The heat is being turned up on grant closeout. Join Bob Lloyd, principal of Federal Fund Management Advisor,™ for this timely session to ensure you’re complying with your closeout responsibilities.


  • Finance directors
  • Grant accounting staff
  • Grant and contract managers
  • Sponsored projects administrators
  • Property managers
  • Grant project directors
  • Principal investigators
  • Internal auditors
  • External auditors 

Hand-out Materials:

Attendees will receive presentation slides as well as access to background materials.

Allowable Charges

The costs of webinars sponsored by Federal Fund Management Advisor™ are allowable charges to your federal grants and subgrants. The cost principles issued by OMB under its uniform guidance (and applicable to all types of awardees) state, “The cost of training and education for employee development is allowable” (2 CFR 200.472).

Attend this Live Webinar and Earn up to 1.5 CPE Credits

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  • Know which clauses flow down when crafting a subaward
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