Every federal award has a hard closeout deadline after the period of performance ends. Miss it and you're returning funds and explaining yourself. Put in an end date and see the whole runway.
Before you rely on this: 2 CFR 200.344 sets 120 calendar days for recipients and requires pass-through entities to collect from subrecipients sooner. Sponsors and your own institution can impose tighter deadlines, and cost-transfer rules are largely institutional. Confirm against the Notice of Award and your office's policy.
The PI thinks the office is tracking it. The office thinks the PI knows. The deadline arrives.
Unspent funds discovered in the final month can't be spent legitimately — they go back.
A flurry of late transfers is exactly the pattern auditors look for. Catch them in the window.
per department · unlimited awards
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