The Grant Close-Out/Audit (GTCO) transaction allows for the auditing and closing of a Grant. This transaction allows the Grant Administrator or Project Manager to set up reminder dates for upcoming Audits and track audit information as well as actually closing the grant. The GTCO can be created via Copy Forward from the Grant Award or from the transaction Catalog.
The Grant Close-Out/Audit transaction updates the Grant Close-Out/Audit Status Folder (GTCOSF). If modifications are needed to the Grant Close-Out/Audit once the record has been added to the GTCOSF table you must create a Grant Close-Out/Audit Revision (GTCOR) transaction or update the record directly on the GTCOSF table, based on user authorization. You cannot delete a Status record using the Grant Close-Out/Audit Revision transaction. In this case, an entire Grant Close-Out/Audit record must be deleted from the Status Folder directly. Refer to the "GT Transaction Type" section for additional information about grant revision transactions.
The Grant Close-Out/Audit (GTCO) transaction contains the following tabs; only 2 of the tabs (Header and Grant Close-Out/Audit) must be completed to successfully submit the GTCO transaction to Final.