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U.S. Department of Housing and Urban Development Community Planning and Development OMB Approval No. 25060193 (exp 1/31/2015)Attachment: B LETTERHEAD Date Dear : SUBJECT: Grant Closeout and Recapture

How to fill out grant closeout and recapture

How to fill out grant closeout and recapture

1. To fill out grant closeout and recapture, follow these steps:
2. Review the grant agreement and any specific instructions provided by the grantor.
3. Gather all relevant financial documents, such as expense reports, receipts, and invoices.
4. Calculate the total amount of grant funds received and expended.
5. Verify that all expenses were allowable and properly documented according to the grantor's guidelines.
6. Complete the necessary forms or templates provided by the grantor for the closeout process.
7. Provide a clear and detailed narrative report of the project's accomplishments and outcomes.
8. Include any required supporting documents, such as progress reports, performance metrics, or evaluation findings.
9. Make sure to address any remaining obligations, such as equipment or property disposition.
10. Submit the completed grant closeout package to the designated authority or department.
11. Follow up with any additional requirements or requests for information from the grantor until the closeout process is officially completed.

Who needs grant closeout and recapture?

1. Grant closeout and recapture is required for individuals or organizations who have received grants and need to properly close out the grant funds at the end of the grant period.
2. This process ensures that the grantee has complied with all grant requirements and regulations, accounted for all funds received, and provided the necessary reports and documentation to the granting agency.
3. Grant closeout and recapture is important for maintaining transparency, accountability, and good stewardship of public or private funds.

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What is grant closeout and recapture?

Grant closeout is the process of completing all requirements of a grant agreement and submitting final reports. Recapture is the process of recovering funds that were not used for the intended purpose.

Who is required to file grant closeout and recapture?

Grant recipients are usually required to file grant closeout and recapture.

How to fill out grant closeout and recapture?

Grant closeout and recapture forms can usually be found on the grantor's website and must be completed with accurate and detailed information.

What is the purpose of grant closeout and recapture?

The purpose of grant closeout is to ensure that funds were used for their intended purpose and to close out the grant agreement. Recapture is to recover any funds that were not used as required.

What information must be reported on grant closeout and recapture?

Information such as final project outcomes, financial reports, and any unspent funds must be reported on grant closeout and recapture.