(i) The value of donated residence should be identified in accordance While using the accounting procedures on the recipient or subrecipient with the subsequent qualifications:
Administrative and clerical staff members salaries need to normally be handled as oblique expenditures. Immediate charging of these expenditures can be correct only when they meet all of the subsequent situations:
(7) Created strategies for deciding the allowability of expenditures in accordance with subpart E as well as conditions and terms from the Federal award.
Apart from where by normally licensed by statute, costs ought to meet up with the following criteria to get allowable beneath Federal awards:
implies an entity during which much more than fifty per cent of the entity is owned or controlled instantly by a dad or mum corporation or by way of Yet another subsidiary of the dad or mum corporation.
frequently indicates an individual participating in or attending program things to do below a Federal award, for example trainings or conferences, but who's not answerable for implementation with the Federal award. People today committing hard work to the development or delivery of program routines under a Federal award (like consultants, challenge personnel, or workers users of a recipient or subrecipient) aren't contributors.
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(8) Government Summary. A short description that may be composed in basic language and summarizes the ambitions and targets of This system, the audience, and eligible applicants. The text of The manager summary mustn't exceed five hundred words; and
(2) Withholding authority to carry on to the next phase until eventually receipt of evidence of satisfactory general performance;
The receiver or subrecipient is encouraged to gain earnings to defray software expenditures when correct. Software cash flow must be utilized for the initial function on the Federal award. Software revenue acquired during the period of functionality may perhaps only be employed for fees incurred during the duration of performance or allowable closeout expenses.
usually means a receiver or subrecipient that provides a subaward to the subrecipient (which include reduced tier subrecipients) to execute part of a Federal method. The authority in the go-via entity less than this component flows throughout the subaward settlement among the move-via entity and subrecipient.
(6) Specifying just a “brand name title” item instead of allowing “an equal” product or service for being available and describing the functionality or other relevant specifications in the procurement; and
(3) Notwithstanding the encouragement in § two hundred.307 to make method income, the recipient or subrecipient should not use products obtained Using the Federal award to offer services for just a rate which is fewer than a private business would cost for very similar companies Unless of course specially licensed by Federal statute.
(8) A payment have to not be made to some recipient or subrecipient for amounts the recipient or subrecipient withholds from contractors to assure satisfactory completion of labor.