Financial Obligation Closeout

The Financial Obligation Closeout is a final accounting of expenditures. As required in the Uniform Procedures for State Highway Safety Programs (23 C.F.R. §1300.22, §1300.23, and §1300.24), the Financial Obligation Closeout will include:
  • The final official voucher for total expenses incurred containing the following information for expenses claimed in each program area:
    • Program area or project number.
    • Federal funds obligated.
    • Amount of federal funds allocated to local benefit.
    • Cumulative total cost to date.
    • Cumulative federal funds expended.
    • Previous amount claimed.
    • Amount claimed this period.
    • Special matching rate (if applicable).
  • Final Highway Safety Performance Program Cost Summary.
TRF-BTS is responsible for completing the Financial Obligation Closeout and submitting it to the appropriate signature authority for transmittal to NHTSA for approval.