What Administrators Need to Know about Financial Closeout of Grants
The All About Grants podcast has a brand new episode targeted to research administrators at NIH grantee organizations!
The All About Grants podcast has a brand new episode targeted to research administrators at NIH grantee organizations!
Learn more about a grant recipient’s responsibility to submit timely and accurate final grant expenditure, progress, and invention reports within 120 calendar days of the end of the period of performance.
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).
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.
Is your NIH grant coming to an end soon? Here’s a refresher on reporting deadlines, timeframes for drawing funds from the Payment Management System (PMS), and the process for amending a Federal Financial Reports (FFR).
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.
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”
Here are some tips to avoid potential problems when submitting final federal financial reports (FFRs) at the close of your grant….
By now, some ARRA projects (especially Summer Research Experience Supplements) have reached completion. If your project is complete, remember that in addition to marking the project status as “Complete” in FederalReporting.gov, you are required to file NIH Grants Closeout paperwork.