Search Results for: financial closeout of grants

Changes to the Federal Financial Report (FFR) Beginning April 1, 2022 Reduce Recipient Reporting Burden

Effective April 1, 2022, NIH and AHRQ grant recipients will no longer complete the cash transaction section (lines 10a through 10c) of the SF-425 Federal Financial Report (FFR) in the HHS Payment Management System (PMS).

Reminder of COVID-19-Related Flexibilities for NIH Grants

When the public health emergency was first declared, NIH, working with OMB and HHS, quickly identified a long list of flexibilities to support the research community. The list has evolved since the pandemic began, so we would like to take this opportunity to remind the community of many of the current flexibilities we have in place.

The Importance of Timely Grant Closeout

At any given time, NIH staff are monitoring nearly 50,000 active grant awards. This monitoring happens throughout the grant life cycle, including once the award is over. Just as we strive to award meritorious grants as quickly as we can, it is equally important for us to ensure grant awards are taken off the books in a timely manner. A grant that slips past its closeout due date is costly and time consuming.

Important Note on Deadlines for Required Final Reports & Grants Closeout

When an NIH awardee’s grant project periods comes to an end, recipients must close out their grant by submitting a Final Federal Financial Report (FFR), Final Progress Report (FPR), and Final Invention Statement and Certification (FIS). The deadlines for these reports has recently changed to align with forthcoming standard award terms and conditions for participating Federal … Continue reading “Important Note on Deadlines for Required Final Reports & Grants Closeout”

Do You Have Any Advice on Reporting Expenditures in the Final Federal Financial Reports (FFR) When Our NIH Grant is About to End?

Here are some tips to avoid potential problems when submitting final federal financial reports (FFRs) at the close of your grant….