A recipient or subrecipient that has a latest Federal negotiated oblique Price amount may perhaps apply for a just one-time extension of that settlement for approximately 4 a long time. This extension will probably be issue to overview and acceptance from the cognizant company for oblique expenses. If this extension is granted, the receiver or subrecipient might not request a charge critique until finally the extension period finishes.
(b) The costs might be allowable In the event the Federal award was not suspended or expired Typically at the conclusion of the duration of effectiveness where the termination usually takes effect.
(3) Dividing procurement transactions into independent procurements to permit most participation by these business types;
(3) Notwithstanding the encouragement in § 200.307 to receive system income, the recipient or subrecipient will have to not use devices acquired While using the Federal award to offer products and services for any charge which is lower than A non-public enterprise would cost for similar providers Unless of course precisely authorized by Federal statute.
indicates the procedure by which the Federal agency or move-by entity decides that all relevant administrative actions and all needed perform of the Federal award have already been accomplished and takes steps as described in § 200.344.
means the entity that owns or controls a direct owner of the applicant or that owns or controls one or more entities that Manage a right away proprietor of an applicant.
(3) The accounting basis (money or accrual) selected for costing each kind of depart is consistently accompanied by the receiver or subrecipient or perhaps a specified grouping of workers.
(2) In the time that tools is utilised to the venture or system for which it had been acquired, the receiver or subrecipient need to also make the tools readily available for use on other plans or jobs supported via the Federal Authorities, presented that this kind of use won't interfere Along with the purpose for which it absolutely was initially obtained. Initially desire for other use with the machines must be provided to other programs or initiatives supported because of the Federal company that financed the devices.
(a) The requirements set forth in this part influencing the administration of Federal awards by Federal businesses develop into productive the moment implemented by Federal businesses or when any foreseeable future amendment to this part results in being final.
(4) In read more the event the recipient or subrecipient can not fulfill the criteria for advance payments and also the Federal company or go-by way of entity has determined that reimbursement isn't feasible as the recipient or subrecipient lacks adequate Functioning cash, the Federal company or pass-via entity might offer dollars over a Functioning capital progress basis. Less than this course of action, the Federal agency or pass-as a result of entity ought to advance income payments towards the receiver or subrecipient to go over its believed disbursement requires for an initial period of time typically aligned to the receiver's or subrecipient's disbursing cycle.
(ii) Pension expenses calculated employing an actuarial cost technique acknowledged by GAAP are allowable to get a offered fiscal 12 months Should they be funded for that year within just 6 months once the end of that year. Charges funded just after six months (or possibly a afterwards interval agreed to by the cognizant agency for oblique prices) are allowable from the calendar year funded. The cognizant company for oblique expenditures may perhaps comply with an extension if an suitable adjustment is manufactured to compensate for that timing of the costs on the Federal Govt and related Federal reimbursement plus the receiver's or subrecipient's contribution to your pension fund.
usually means the auditor's ideal estimate of complete questioned charges, not only the recognised questioned charges. Most likely questioned expenditures are produced by extrapolating from audit proof obtained, one example is, by projecting recognized questioned expenditures identified in an audit sample to your complete population from which the sample was drawn.
Title to machines obtained underneath the Federal award will vest on acquisition while in the recipient or subrecipient subject to the conditions of the portion. This title should be a conditional title Unless of course a Federal statute exclusively authorizes the Federal company to vest title during the receiver or subrecipient with no even more duty towards the Federal Authorities (and the Federal company elects to do so).
means prices produced by a receiver or subrecipient to a project or program for which a Federal award is been given.