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If my fund is fixed price how do I close it out?
When you receive an award from Sponsored Programs Administration they identity whether a
fund is fixed price or cost reimbursable. When a project is fixed price, upon expiration
Sponsored Programs Accounting requires a "Certification of Expenditures" to be on file before
we close the fund. We will notify you by letter and asked you to complete this form. Once final
overhead has posted and final payment has been received from the funding agency Sponsored
Programs Accounting closes the fund balance to the appropriate department's residual fund.
