(a) General. The Grant Officer shall close out each annual JTPA
grant agreement within a timely period after the funding period covered
by the award has expired.
(b) Revisions to the reported expenditures for a program year of
funds may be made until 90 days after the time limitation for
expenditure of JTPA funds, as set forth in section 161(b) of the Act,
has expired. The Grant Officer may extend this deadline if the recipient
submits a written request with justification. After that time, the Grant
Officer shall consider all reports received as final and no additional
revisions may be made.
(c) When closing out a JTPA grant, the Grant Officer shall notify
the recipient, by certified mail, that, since the time limitation for
expenditure of funds covered by the grant award has expired, it is the
Department of Labor's intent to close the annual grant as follows:
(1) Cost adjustment. Based on receipt of reports in paragraph (b) of
this section, the Grant Officer shall make upward or downward
adjustments to the allowable costs; and
(2) Cash adjustment. DOL shall make prompt payment to the recipient
for allowable reimbursable costs; the recipient shall promptly refund to
DOL any balance of cash advanced that is in excess of allowable costs
for the grant award being closed.
(d) The recipient shall have an additional 60 days after the date of
the notice described in paragraph (c) of this section in which to
provide the Grant Officer with information as to the reason(s) why
closeout should not occur.
(e) At the end of the 60-day period described in paragraph (d) of
this section, the Grant Officer shall notify the recipient that closeout
has occurred, unless information provided by the recipient, pursuant to
paragraph (d) of this section, indicates otherwise.
