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Closeout and Principal Investigator Transfer

Closeout Project

The University of Tennessee Health Science Center has an obligation to close out the project and submit final reports to the sponsor.  Closing procedures may vary depending on the policies of the sponsor and whether the support was in the form of a grant or contract. It is required by most federal sponsors and many private sponsors to submit final financial closeout reports within 60-120 days after the award expiration date (some agencies may require early submission). These requirements are set forth in the terms and conditions of the award/contract.

The closeout is a critical piece in the life cycle of a grant.  Preparation for closeout should begin three months prior to the expiration date of the grant to accurately forecast expenses and any adjusting financial entries that need to be made.  Award closeouts generally require that a series of final reports be submitted to the project’s sponsor no later than 90-120 days after termination of the grant.  Failure to adhere to these reporting requirements may result in the sponsor withholding of new awards or suspending payments for costs on the completed project or other University project funded by sponsor.

 

Close Out

 

Required Reports


Principal Investigator Transfer (In and Out)

The transfer of a sponsored award from one institution to another can be a complicated and time-consuming process that requires the approval of multiple offices across campus. Therefore, when a faculty member leaves the University, it is a joint decision between the Department Chair, Dean of the College, and the Senior Associate Vice Chancellor for Research.

All grants, contracts, and cooperative agreements (awards), both federal and non-federal, are awarded to the University of Tennessee Health Science Center (UTHSC), not to the Principal Investigator (PI).  When a PI plans to move to another institution and terminates their affiliation with UTHSC, the PI will need to either request the transfer of their active Award(s) to their new institution or identify a replacement PI to oversee the completion of the award at UTHSC. As the grantee institution, UTHSC must approve the relinquishment of an award and associated equipment to formally transfer the award to the PI’s new institution.  The awarding agency or sponsor must also provide their approval of the transfer.  

If a PI is transferring to or from another institution, the grantee’s Office of Sponsored Programs will work with the PI, the department, and college to retain or transfer his/her awards. As an alternative to a transfer, the University may issue subawards for the rest of the project if the time and funds remaining are modest and both sides agree.

Last Published: Dec 14, 2023