Careful attention to deadlines is necessary for a successful closeout process.
Sponsor Due Dates
|Sponsor Type||Due Date|
Confirmation of Closeout by Fiscal Administrator
The time frame for timely confirmation of final expenditures and approval for closeout by FO is discussed in APM A8.954 as follows:
|Report Due Date||Fiscal Administrator Confirmation Due By|
|Standard 90 days||30 days prior to due date|
|60 to 89 days||20 days prior to due date|
|Less than 60 days||15 days prior to due date|
If timely response not received by ORS:
- ORS prepares and files final invoice or report based on information in the Kuali Financial System (KFS) at that time and sends final report to the Fiscal Administrator, PI, and Dean/Director.
- Outstanding encumbrances, suspended transactions or unposted payroll charges will not be included.