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Dear Colleagues,

ORA is pleased to announce the release of a new version of the RAPID Closeout Tool (version dated 4/21/2022). Please download the latest version of the tool, available in the ORA Online Resource Center.

This latest version includes the following updates:

  • Training Grant: Postdoc Allowable/Unallowable Benefits: Updated to reflect the FY22-23 unallowable CBR rate of 13.40% (see “NIH NRSA Grants: Unallowable Benefits for FY22-23” dated 3/8/2022)
  • Closeout Checklist:
    • Updated to correctly indicate (Yes/No) for expenses outside of the project period
    • User-entered fields no longer require the Excel workbook to be unprotected

Before the RAPID Closeout Tool can be used with Excel, the .xla add-in file must be unblocked by following the steps below. Refer to the installation instructions that are available with the RAPID Closeout Tool download for more details.

  1. Right-click the file named RAPID_Closeout_And_Reporting_Tool and select Properties
  2. At the bottom of the General tab, click the Unblock button or check the Unblock checkbox
  3. Click the Apply button, then the OK button

Rapid Closeout and Reporting Tool Properties

If you have any questions about this new RAPID Tool version, contact your EFM accountant.

Thank you,

Yoon Lee, Senior Director
Extramural Fund Management