Closeout Report. The Awardee shall deliver a closeout report to RUS no later than one hundred twenty (120) days after the expiration or termination of the Award or expenditure of all Award funds. The close out report shall address: (i) a comparison of actual accomplishments to the objectives set forth in the Application; (ii) a description of problems, delays, or adverse conditions that occurred, or which affected the attainment of overall Scope of Work objectives, prevented the meeting of time schedules or objectives, or precluded the attainment of particular work elements; and (iii) a comparison of how funds were spent against the budget submitted with the Application, approved by RUS, and attached hereto as Schedule 3.
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Sources: Cooperative Agreement, Cooperative Agreement