(a) Every State should expend and account to the Federal award in accordance with Condition guidelines and procedures for expending and accounting for your Point out's money. All receiver and subrecipient fiscal administration systems, such as information documenting compliance with Federal statutes, laws, as well as the stipulations in the Federal award, should be ample to permit the planning of reports essential because of the stipulations; and monitoring expenditures to ascertain that cash have already been Utilized in accordance with Federal statutes, restrictions, as well as the conditions and terms on the Federal award. See § 200.450.
Administrative and clerical personnel salaries must Generally be addressed as indirect expenditures. Direct charging of such fees may be appropriate only when they meet up with all of the next disorders:
as set forth in appendices III as a result of VII, and IX of this part. The certification should be signed on behalf on the receiver by a person in a degree no lower compared to the vice president or Main economic officer from the receiver that submits the proposal.
implies All those prices incurred for a common or joint goal benefitting multiple Price aim and never readily assignable to the price targets especially benefitted, devoid of hard work disproportionate to the outcomes obtained. It might be necessary to determine various pools of indirect charges to aid equitable distribution of oblique fees to the price targets served.
. The notification with the Federal company to your applicant should also supply a short rationalization with the resolve;
The combination dollar level of the procurement transaction is increased compared to the micro-purchase threshold but does not exceed the simplified acquisition threshold. If simplified acquisition procedures are made use of, value or charge quotations has to be attained from an adequate number of skilled sources.
usually means the (whole) expense of the asset including the Price tag to Prepared the asset for its meant use. For instance, acquisition cost for machines indicates the net Bill price of the products, such as the cost of any modifications, attachments, equipment, or auxiliary equipment necessary to enable it to be usable for that intent for which it really is obtained.
The Federal agency will have to request the transfer of records to its custody through the receiver or subrecipient when it decides the documents have extended-time period retention value.
usually means a proper announcement of The provision of Federal funding by way of a economic aid application from a Federal agency. The discover of funding opportunity delivers information on the award, such as that's suitable to apply, the analysis requirements for selecting a receiver or subrecipient, the necessary factors of an application, and the way to submit the appliance.
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(b) Charges or rates based upon approximated fees for contracts under the Federal award are allowable only on the extent that the costs incurred or Price tag estimates A part of negotiated charges could be allowable with the receiver or subrecipient beneath subpart E of the section.
Regardless of whether products is obtained partially or its entirety underneath the Federal award, the recipient or subrecipient must deal with products (which includes substitute tools) using methods that meet up with the subsequent demands:
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