The closeout step is where the grant process ends. In order to complete a closeout, you, the award recipient, must submit the final financial and programmatic reports. Grantees typically have between 60-90 days after the grant award expires or is terminated. OET staff will review these reports to ensure compliance will all the grant terms and conditions as well as to make sure you spent all the funds appropriately. DCEO must confirm that the recipient has completed all of the required grant work and all the applicable administrative tasks. Until the awarding agency confirms this, you are still responsible for fulfilling all the terms of the grant. The closeout process can take several months if there are financial concerns or questions to reconcile. Lastly, you are typically required to retain your grant records for at least four years from the date of the final expenditure report.