(b) The costs are thoroughly supported by authorised Expense allocation options in accordance Together with the relevant cost accounting principles of this part; and
When a substantial growth that might effects the Federal award occurs involving general performance reporting due dates, the recipient or subrecipient ought to notify the Federal agency or move-via entity. Considerable developments involve events that enable Conference milestones and targets quicker or at much less Price than anticipated or that generate distinct useful success than initially prepared.
(12) Council of governments, whether included like a nonprofit corporation beneath Condition regulation; and
The Federal company's or pass-by way of entity's legal rights of accessibility are not restricted to the required retention period of this aspect but past providing the records are retained. Federal agencies or pass-by way of entities must not impose every other entry specifications on recipients and subrecipients.
(d) The Federal company or move-by means of entity need to not hold off payments into the recipient or subrecipient for costs Conference the requirements of subpart E of this section.
signifies the documentation determining, accumulating, and allocating or developing billing fees based upon the allowable prices of solutions supplied by a State, nearby federal government, or Indian Tribe to its departments and agencies with a centralized foundation. The costs of these solutions may very well be allotted or billed to end users.
(two) Is distinguished from a more info cooperative settlement in that it doesn't provide for substantial involvement in the Federal agency in finishing up the activity contemplated through the Federal award.
If a contract is subject to CAS, expenditures have to be allocated to that deal according to the Price tag Accounting Standards, which take precedence above the allocation provisions With this part.
(iii) The depository would call for an average or minimal balance so substantial that it would not be feasible Together with the expected Federal and non-Federal dollars means;
The next will not be considered method money Except laid out in Federal statutes, rules, or even the terms and conditions from the Federal award:
The Federal agency could waive any performance report that is not essential to make sure the plans and objectives on the Federal award are now being realized.
(g) Donated home from third parties may possibly include things for instance equipment, Business office materials, laboratory materials, or workshop and classroom provides. The assessed value of donated residence bundled as Price sharing need to not exceed the residence's good marketplace worth at time in the donation.
(one) The Federal company need to set up and keep procedures and strategies for conducting a danger evaluation To judge the dangers posed by applicants before issuing Federal awards. This evaluation will help discover risks which will influence the progression towards or maybe the achievement of a task's plans and objectives. Danger assessments aid Federal professionals in figuring out correct resources and time to devote to project oversight and keep track of recipient development.
(d) The final monetary report submitted from the receiver needs to be thanks no later on than a hundred and twenty calendar times following the conclusion of your duration of efficiency. A subrecipient should post a ultimate fiscal report back to a move-through entity no afterwards than 90 calendar times following the conclusion of the duration of functionality.