(b) The costs are adequately supported by permitted Charge allocation plans in accordance Along with the relevant Expense accounting ideas of the portion; and
(1) The phrase “immediate loan” implies a disbursement of money because of the Federal Government into a non-Federal borrower beneath a contract that needs the repayment of these resources with or without the need of desire. The time period consists of the acquisition of, or participation in, a loan made by An additional lender and financing arrangements that defer payment for a lot more than ninety times, including the sale of the Federal Federal government asset on credit rating terms.
Initiate a one particular-time extension on the period of functionality by up to 12 months unless one or more with the conditions outlined in paragraphs (g)(2)(i) through (iii) of the section apply. Prior acceptance is not really necessary if a receiver is licensed while in the terms and conditions on the Federal award to initiate a one particular-time extension. On the other hand, the receiver have to notify the Federal agency in crafting Together with the supporting justification along with a revised duration of general performance not less than ten calendar times ahead of the conclusion of the period of efficiency.
implies a payment that a Federal company or move-through entity can make by any suitable payment mechanism and payment strategy ahead of the receiver or subrecipient disburses the resources for program purposes.
(nine) The Federal company or pass-by entity need to not need different depository accounts for funds furnished on the receiver or subrecipient or create any eligibility necessities for depositories.
(3) Amounts funded via the receiver or subrecipient in surplus from the actuarially decided volume for the fiscal calendar year can be utilized as being the receiver's or subrecipient's contribution in long run intervals.
suggests an entity that gets a Federal award directly from a Federal company to execute an exercise under a Federal plan. The term receiver would not include things like subrecipients or men and women which are members or beneficiaries in the award.
(e) Any precise disorders should be instantly eliminated when the ailments that prompted them are actually satisfied.
(b) The next sections will not be meant to be a comprehensive list of potential items of Price tag encountered beneath Federal awards. Failure to mention a particular item of Value, which includes as an example in selected sections, just isn't meant to suggest that it's possibly allowable or unallowable. When deciding the allowability for an merchandise of Price tag, Each and every case really should be according to the treatment provided for similar or similar objects of Expense and depending on the principles explained in §§ 200.
(i) The recipient or subrecipient has didn't comply with the terms and conditions of the Federal award; or
(ii) Pension expenditures calculated utilizing an actuarial Price tag technique identified by GAAP are allowable for the presented fiscal calendar year When they are funded for that 12 months in just six months once the conclusion of that calendar year. Fees funded immediately after 6 months (or a later on interval agreed to from the cognizant agency for indirect expenses) are allowable in the calendar year funded. The cognizant company for indirect charges may well comply with an extension if an appropriate adjustment is built to compensate with the more info timing of the costs to your Federal Governing administration and similar Federal reimbursement as well as recipient's or subrecipient's contribution to the pension fund.
Some nonprofit businesses, as a result of their size and nature of functions, can be regarded as being much like for-earnings corporations regarding the applicability of Value rules. These nonprofit businesses have to function beneath Federal cost rules that utilize to for-profit corporations Found at 48 CFR 31.
(ii) The very best offered fascination-bearing account would not reasonably be anticipated to make interest in extra of $five hundred each year on Federal cash balances;
(one) The charges can be reported on a cash or accrual foundation as long as the methodology is disclosed and continually utilized.