means a cost objective that has allotted to it equally direct and indirect costs and, within the receiver's or subrecipient's accumulation method, is probably the final accumulation factors, like a selected award, interior undertaking, or other immediate activity of a receiver or subrecipient. See also the definitions of cost objective
Administrative and clerical team salaries should Usually be dealt with as indirect prices. Direct charging of those fees might be ideal only whenever they meet all of the next situations:
suggests an yearly current authoritative supply of knowledge for auditors that identifies current crucial compliance necessities the Federal Federal government expects to get considered as Section of an audit.
The prices incurred by a recipient or subrecipient to Recuperate inappropriate payments, such as improper overpayments, are allowable as either immediate or oblique costs, as suitable.
(E) The receiver or subrecipient ought to document and provide a justification for all bids it rejects.
Federal businesses have to set up conflict of fascination insurance policies for Federal awards. A recipient or subrecipient should disclose in creating any potential conflict of fascination into the Federal agency or move-by means of entity in accordance While using the founded Federal agency procedures.
The Federal agency should use OMB-authorized popular information and facts collections (for instance, Investigate Effectiveness Progress Stories) when requesting general performance reporting information and facts. The Federal agency or pass-via entity may well not acquire efficiency studies far more often than quarterly Except if a specific problem has become carried out in accordance with § two hundred.208. On the extent practicable, the Federal agency or move-by way of entity must align the owing dates of performance reports and economical experiences. When reporting application performance, the receiver or subrecipient need to relate economic knowledge and venture or application achievements to your overall performance goals and goals in the Federal award. Also, the receiver or subrecipient ought to supply Price information and facts to display Price tag-successful tactics (for example, through unit Charge info) when necessary via the stipulations with the Federal award.
(e) Volunteer solutions furnished by 3rd-celebration Expert and technological personnel, consultants, and various labor may very well be counted as Value sharing Should the provider is necessary for the program. Premiums for 3rd-celebration volunteer services should be in step with Those people paid out for comparable operate by the recipient or subrecipient.
implies orders placed for assets and products and services, contracts and subawards built, and related transactions that call for payment by a recipient or subrecipient underneath a Federal award that will lead to expenses by a receiver or subrecipient under a Federal award.
if it does not create a Federal award to an applicant because it decides which the applicant won't meet up with the minimal qualification specifications as explained in § 200.206(a)(2). The Federal company need to report that resolve only if all of the subsequent implement:
(2) The procurement is predicted to exceed the simplified acquisition threshold and it is to be awarded without the need of Level of competition, or only one bid is predicted to become been given in response to a solicitation;
(6) Specifying merely a “model identify” item rather than allowing for “an equal” merchandise to be provided and describing the functionality or other appropriate requirements in the procurement; and
The receiver or subrecipient will have to, in a minimal, present the equivalent insurance plan protection for actual click here home and tools obtained or enhanced with Federal funds as offered to assets and devices owned because of the receiver or subrecipient.
When requesting approval for spending plan revisions, the recipient or subrecipient need to use a similar format for price range details that was applied in their application, except In case the Federal agency has permitted an alternative structure.