Action Required to Clear Balance? (Yes/No)
Funding Source
|
Asset Account (1xxxx)
|
Liability Account (2xxxx)
|
|
Comment
|
TRAC
|
Yes
|
Yes
|
NO
|
Allocation based Fund, therefore, no cash balance to dispose of.
|
Trust Fund
|
Yes
|
Yes
|
Yes or NO
|
Yes, if cash-based; NO if Allocation-based
|
Cost Sharing
|
Yes
|
Yes
|
Yes
|
Cash based fund
|
Management projects
|
Yes
|
Yes
|
NO
|
Inactive management projects with outstanding assets and liabilities must be reconciled and closed
|
For the Certified Financial Report (CFR), it covers the calendar year, for example, any Atlas Output to be reported as ‘financially closed’ in the 20XX CFR, the financial closure date must be between 1 January 20XX and 31 December 20XX.
The 37 procedural steps described in the table below follow the Project Completion Check List in the POPP and should be used in conjunction with the POPP; the Project Closure Workbench Checklist in Atlas (with links to Atlas reports/queries) and other Atlas reports/queries as identified in the table. The numbering of the 3 checklists is cross referenced in the annotated POPP checklist below (Annex 1) as there are minor differences due to the inclusion of additional detail. These should be checked (√) in the Project Closure Workbench in Atlas and the project status in Atlas changed to “F” – Financially Closed (step 35). The project closure checklist in the POPP should also be completed and signed. A copy should be retained in the project file. If it is not possible to conclude any of the steps, the project manager must document the due diligence taken in consultation with the IP, government, region bureau/HQ before financially closing the project. Please make reference to Section 8.0 of this document for managing exceptions through alternative Procedures. These procedures apply on a case-by-case basis in consultation with your regional bureau/HQ and OFM.
No.
|
Project Closure Requirements as per POPP
|
|
Share with your friends: |
