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NCPRO warns state agencies: liquidate SFRF program costs by Dec. 31, 2026; only admin closeout costs allowed Jan.–Apr. 2027
Summary
Joy from NCPRO told grant managers that under federal rules all program costs obligated by Dec. 31, 2024 must be liquidated by Dec. 31, 2026, that invoices must be received in time to permit payment, and only administrative closeout costs (Jan. 1–Apr. 30, 2027) may be paid after that date; final reports to NCPRO and the U.S. Treasury are scheduled in March and April 2027.
Joy, a presenter from NCPRO, walked agencies through the State Fiscal Recovery Fund (SFRF) liquidation and allowable closeout schedule, citing federal compliance guidance, the 2022 final rule and the state SFRF FAQ.
She said program funds that were incurred or obligated by Dec. 31, 2024 must be liquidated by Dec. 31, 2026; funds not liquidated by that date must be returned to the U.S. Treasury. Joy stressed that liquidation means payments for program costs — including payments to subrecipients, contractors and agency personnel — must be made by the…
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