Common use of Closeout/Final Year Requirements Clause in Contracts

Closeout/Final Year Requirements. ‌ At the end of the grant period, the award recipient will be required to close the grant with the ETA. As the award recipient, your organization will be notified approximately 15 days prior to the end of the period of performance that the closeout process will begin once the grant ends. The information concerning the recipient’s responsibilities at closeout may be found at 2 CFR 200.343. During the closeout process, the grantee must be able to provide documentation for all direct and indirect costs that are incurred. For instance, if an organization is claiming indirect costs, the documentation that is required is a Negotiated Indirect Cost Rate Agreement or Cost Allocation Plan issued by the grantee’s Federal cognizant agency. Documentation for those approved to utilize a de minimis rate for indirect costs is demonstrated through the grant agreement. Not having documentation for direct or indirect costs will result in costs being disallowed and subject to debt collection. The only liquidation that can occur during closeout is the liquidation of accrued expenditures (NOT obligations) for goods and/or services received during the grant period (2 CFR 2900.15).

Closeout/Final Year Requirements. ‌ At the end of the grant period, the award recipient will be required to close the grant with the ETA. As the The grant and cooperative agreement award recipient, your organization recipient will be notified approximately 15 days prior to the end of the period of performance that the closeout process will begin once when the grant period of performance ends. See ETA’s Grant Closeout webpage for further information on the closeout process. The information concerning the recipient’s responsibilities at closeout may be found at 2 CFR 200.343200.344. During the closeout process, the grantee award recipient must be able to provide documentation for all direct and indirect costs that are incurred. For instance, if an organization is claiming indirect costs, the required documentation that is required is a Negotiated Indirect Cost Rate Agreement NICRA or Cost Allocation Plan CAP issued by the granteeaward recipient’s Federal cognizant agencyFCA. Documentation for For those approved to utilize a de minimis rate for indirect costs is demonstrated through costs, the grant agreementagreement or cooperative agreement is sufficient documentation. Not having documentation for direct or indirect costs will result in costs being disallowed and subject to debt collection. The only liquidation that can occur during closeout is the liquidation of accrued expenditures (NOT obligations) for goods and/or services received during the grant period of performance specified in this award (NOA) (2 CFR 2900.15).

Closeout/Final Year Requirements. ‌ At the end of the grant period, the award recipient will be required to close the grant with the ETA. As the award recipient, your organization The grant recipient will be notified approximately 15 days prior to the end of the period of performance that the closeout process will begin once when the grant period of performance ends. See xxxxx://xxx.xxx.xxx/agencies/eta/grants/management/closeout for further information on the closeout process. The information concerning the recipient’s responsibilities at closeout may be found at 2 CFR 200.343200.344. During the closeout process, the grantee grant recipient must be able to provide documentation for all direct and indirect costs that are incurred. For instance, if an organization is claiming indirect costs, the required documentation that is required is a Negotiated Indirect Cost Rate Agreement NICRA or Cost Allocation Plan CAP issued by the grantee’s Federal cognizant agencyFCA. Documentation for For those approved to utilize a de minimis rate for indirect costs is demonstrated through costs, the grant agreementagreement is sufficient documentation. Not having documentation for direct or indirect costs will result in costs being disallowed and subject to debt collection. The only liquidation that can occur during closeout is the liquidation of accrued expenditures (NOT obligations) for goods and/or services received during the grant period (2 CFR 2900.15).

Closeout/Final Year Requirements. ‌ At the end of the grant period, the award recipient will be required to close the grant with the ETA. As the award recipient, your organization will be notified approximately 15 days prior to the end of the period of performance that the closeout process will begin once the grant ends. The information concerning the recipient’s responsibilities at closeout may be found at 2 CFR 200.343. During the closeout process, the grantee must be able to provide documentation for all direct and indirect costs that are incurred. For instance, if an organization is claiming indirect costs, the documentation that is required is a Negotiated Indirect Cost Rate Agreement or Cost Allocation Plan issued by the grantee’s Federal cognizant agency. Documentation for those approved to utilize a de minimis rate for indirect costs is demonstrated through the grant agreement. Not having documentation for direct or indirect costs will result in costs being disallowed and subject to debt collection. The only liquidation that can occur during closeout is the liquidation of accrued expenditures (NOT obligations) for goods and/or services received during the grant period (2 CFR 2900.15).

Closeout/Final Year Requirements. ‌ At the end of the grant period, the award recipient will be required to close the grant with the withthe ETA. As the award recipient, your organization will be notified approximately 15 days prior to the end of the period of performance that the closeout process will begin once the grant ends. The information concerning the recipient’s responsibilities at closeout may be found at 2 CFR 200.343. During the closeout process, the grantee must be able to provide documentation for all direct and indirect costs that are incurred. For instance, if an organization is claiming indirect costs, the documentation that is required is a Negotiated Indirect Cost Rate Agreement or Cost Allocation Plan issued by the grantee’s Federal cognizant agency. Documentation for those approved to utilize a de minimis rate for indirect costs is demonstrated through the grant agreement. Not having documentation for direct or indirect costs will result in costs being disallowed and subject to debt collection. The only liquidation that can occur during closeout is the liquidation of accrued expenditures (NOT obligations) for goods and/or services received during the grant period (2 CFR 2900.15).

Closeout/Final Year Requirements. ‌ At the end of the grant period, the award recipient will be required to close the grant with the ETA. As the award recipient, your organization The grant recipient will be notified approximately 15 days prior to the end of the period of performance that the closeout process will begin once when the grant period of performance ends. See xxxxx://xxx.xxx.xxx/agencies/eta/grants/management/closeout for further information on the closeout process. The information concerning the recipient’s responsibilities at closeout may be found at 2 CFR 200.343200.344. During the closeout process, the grantee grant recipient must be able to provide documentation for all direct and indirect costs that are incurred. For instance, if an organization is claiming indirect costs, the required documentation that is required is a Negotiated Indirect Cost Rate Agreement NICRA or Cost Allocation Plan CAP issued by the granteegrant recipient’s Federal cognizant agencyFCA. Documentation for For those approved to utilize a de minimis rate for indirect costs is demonstrated through costs, the grant agreementagreement is sufficient documentation. Not having documentation for direct or indirect costs will result in costs being disallowed and subject to debt collection. The only liquidation that can occur during closeout is the liquidation of accrued expenditures (NOT obligations) for goods and/or services received during the grant period (2 CFR 2900.15).

Closeout/Final Year Requirements. ‌ At the end of the grant period, the award recipient will be required to close the grant with the ETA. As the award recipient, your organization The grant recipient will be notified approximately 15 days prior to the end of the period of performance that the closeout process will begin once when the grant period of performance ends. See xxxxx://xxx.xxx.xxx/agencies/eta/grants/management/closeout for further information on the closeout process. The information concerning the recipient’s responsibilities at closeout may be found at 2 CFR 200.343200.344. During the closeout process, the grantee grant recipient must be able to provide documentation for all direct and indirect costs that are incurred. For instance, if an organization is claiming indirect costs, the required documentation that is required is a Negotiated Indirect Cost Rate Agreement NICRA or Cost Allocation Plan CAP issued by the grantee’s Federal cognizant agencyFCA. Documentation for For those approved to utilize a de minimis rate for indirect costs is demonstrated through costs, the grant agreementagreement is sufficient documentation. Not having documentation for direct or indirect costs will result in costs being disallowed and subject to debt collection. The only liquidation that can occur during closeout is the liquidation of accrued expenditures (NOT obligations) for goods and/or services received during the grant period (2 CFR 2900.15).

Closeout/Final Year Requirements. ‌ At the end of the grant period, the award recipient will be required to close the grant with the withthe ETA. As the award recipient, your organization will be notified approximately 15 days prior to the end of the period of performance that the closeout process will begin once the grant ends. The information concerning the recipient’s responsibilities at closeout may be found at 2 CFR 200.343. During the closeout process, the grantee must be able to provide documentation for all direct and indirect costs that are incurred. For instance, if an organization is claiming indirect costs, the documentation that is required is a Negotiated Indirect Cost Rate Agreement or Cost Allocation Plan issued by the grantee’s Federal cognizant agency. Documentation for those approved ap- proved to utilize a de minimis rate for indirect costs is demonstrated through the grant agreementagree- ment. Not having documentation for direct or indirect costs will result in costs being disallowed and subject to debt collection. The only liquidation that can occur during closeout is the liquidation liquida- tion of accrued expenditures (NOT obligations) for goods and/or services received during the grant period (2 CFR 2900.15).

Closeout/Final Year Requirements. ‌ At the end of the grant period, the award recipient will be required to close the grant with the ETA. As the award recipient, your organization will be notified approximately 15 days prior to the end of the period of performance that the closeout process will begin once the grant ends. The information concerning the recipient’s responsibilities at closeout may be found at 2 CFR ESD COVID-19 Employment Recovery KC-326-20 59 200.343. During the closeout process, the grantee must be able to provide documentation for all direct and indirect costs that are incurred. For instance, if an organization is claiming indirect costs, the documentation that is required is a Negotiated Indirect Cost Rate Agreement or Cost Allocation Plan issued by the grantee’s Federal cognizant agency. Documentation for those approved to utilize a de minimis rate for indirect costs is demonstrated through the grant agreement. Not having documentation for direct or indirect costs will result in costs being disallowed and subject to debt collection. The only liquidation that can occur during closeout is the liquidation of accrued expenditures (NOT obligations) for goods and/or services received during the grant period (2 CFR 2900.15).