Louisiana Administrative Code
Title 40 - LABOR AND EMPLOYMENT
Part XVII - Community Services Block Grant
Subpart 1 - CSBG Policy Manual
Chapter 9 - Fiscal Policy
Section XVII-911 - Closeout of Subgrant

Universal Citation: LA Admin Code XVII-911

Current through Register Vol. 50, No. 9, September 20, 2024

A. Each subgrant must be closed after the end of the subgrant period or upon termination of a subgrant agreement. A written closeout procedure, including the due date for the closeout reports, will be issued by the Department of Labor. A subgrant will not be considered closed until all expenses encumbered prior to the end of the program year have been paid.

B. All expenses encumbered prior to the end of the fiscal year must be paid prior to the closeout of the subgrant.

C. The bank account shall be closed prior to the submission of the closeout package, and the final statement reconciled. Any excess funds in the bank shall be returned to the Department of Labor with the closeout package.

D. Failure to submit the closeout package on time will result in a suspension of funds for the current fiscal year until the complete package is received.

AUTHORITY NOTE: Promulgated in accordance with R.S. 23:66 et seq.

Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.