Get the free CDBG CLOSE-OUT

CBG Administrative Manual CloseOutChapter XI CBG CLOSEOUT Introduction 24 CFR 85.50 addresses the timing of grant closeouts as follows: “Within 90 days after the date of expiration or termination

How to fill out cdbg close-out

How to fill out cdbg close-out

1. To fill out CDBG close-out, follow these steps:
2. Gather all required documents and information, such as project details, financial records, and progress reports.
3. Review the CDBG close-out guidelines provided by the funding agency to understand the required format and information.
4. Prepare the close-out report by documenting the project's outcomes, achievements, challenges faced, and lessons learned.
5. Include financial information, such as the total amount spent, remaining funds if any, and any necessary financial documentation.
6. Provide supporting documentation, such as invoices, receipts, and contractor agreements, to validate expenses and project completion.
7. Submit the completed close-out report and supporting documents to the designated authority as per the funding agency's instructions.
8. Follow up with the funding agency to ensure the close-out report is received and reviewed.
9. Address any feedback or additional information requested by the funding agency during the review process.
10. Once approved, receive the close-out confirmation and ensure any remaining funds are returned as per the agency's guidelines.
11. Keep a copy of the close-out report and all supporting documents for future reference or audits.

Who needs cdbg close-out?

1. CDBG close-out is required by organizations or individuals who have received funding through the Community Development Block Grant (CDBG) program. This program provides financial assistance for community development projects aimed at improving housing, infrastructure, and economic opportunities in low-income areas.
2. Entities that have completed a CDBG-funded project are typically required to submit a close-out report to account for the utilization of funds, project outcomes, and compliance with program regulations. This report serves as a final assessment of the project's success and ensures accountability and transparency in the use of public funds.

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What is cdbg close-out?

CDBG close-out refers to the process of completing all necessary documentation and final reports related to the Community Development Block Grant (CDBG) program once a project or program funded by these grants has ended.

Who is required to file cdbg close-out?

Entities that received funding through the CDBG program, including local governments and nonprofit organizations, are required to file a CDBG close-out.

How to fill out cdbg close-out?

To fill out a CDBG close-out, organizations must gather necessary financial and performance data, complete required forms, provide supporting documentation, and submit the final report to the relevant agency.

What is the purpose of cdbg close-out?

The purpose of CDBG close-out is to ensure that all funds have been properly utilized according to federal guidelines, to finalize financial accounting, and to assess the outcomes of the funded project or program.

What information must be reported on cdbg close-out?

The information that must be reported includes a summary of project expenditures, project outcomes, compliance with regulations, and documentation of any public benefits derived from the project.