FMT/FMR Pre-Termination Account Closeout and Re-Allocation Process

To support ongoing award management, OSP is moving forward to close out (disable) pre-termination accounts on projects impacted by the Federal Mass Termination (FMT) and subsequent Federal Mass Reinstatement (FMR).  Specifically, we will send targeted communication to departments with pre-termination accounts that remain open and do not have a final financial deliverable due in 2026. 

As a reminder, FMR accounts were established to support ongoing project activity following the reinstatement of previously terminated awards. To ensure all future spending occurs on these accounts as expected, departments will be asked to complete a closeout checklist for pre-termination accounts. This checklist will support the closeout (disabling) of pre-termination accounts and facilitate the updating of awarded funding allocations between pre-termination accounts and FMR accounts. These steps will ensure that account balances are accurately reflected across key systems, including GMAS, and support ongoing financial management of awards.

The closeout checklist will include reminders and guidance for each step. Departments are encouraged to review the materials carefully once received. OSP will coordinate all necessary account re-allocations and closeout once the checklist has been completed.

If you have questions after receiving a closeout checklist, please reach out to the Financial Analyst that prepared it.