Closing Research Funds - Guidance from a Financial Perspective

Research Oversight & Compliance Office (ROCO) staff explain the key parts of closing research funds from a financial perspective. Presenters share tips and best practices to set you up for success.
 

Learning Outcomes:

1. Describe actions involved in closing a restricted research fund
2. Apply tips and methods that can be used throughout the life of the project to facilitate closing a restricted research fund
3. Identify stakeholders and their responsibilities for the activities involved in closing a restricted research fund
    

Key Takeaways:

1. Final Financial Reports/Invoices due to Sponsors should be prepared by the ROCO
2. Please make every effort to ensure all expenses related to the project are charged to the grant fund before the end date of the grant
3. Regular monitoring of research funds is preferable to ensure that any incorrect postings are identified and corrected in a timely manner