200 loan - An Overview

200 loan - An Overview

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(b) The costs are appropriately supported by authorised cost allocation designs in accordance With all the relevant cost accounting concepts of the aspect; and

(three) The disposal of scrap or surplus supplies acquired in the performance of the Federal award apart from once the receiver or subrecipient is reimbursed for disposal fees in a predetermined total; or

(d) Be accorded constant remedy. As an example, a cost ought to not be assigned to some Federal award to be a immediate Value if almost every other Charge incurred for the same purpose in like instances has actually been allotted on the Federal award being an indirect cost.

implies money obligations incurred with the recipient or subrecipient although not paid out (liquidated) for economic reports well prepared over a income basis.

Specific disorders call for Unique thing to consider and doable limitations in pinpointing allowable personnel compensation expenditures beneath Federal awards. Amongst this sort of problems are the following:

(three) The public exigency or emergency for the need will likely not permit a hold off ensuing from offering community observe of the competitive solicitation;

indicates the Federal agency selected to carry out the tasks explained in § two hundred.513(a). The cognizant agency for audit is not really automatically similar to the cognizant company for indirect expenses.

signifies a Federal loan or loan guarantee acquired or administered by a recipient or subrecipient, apart from as made use of In this particular portion's definition of program money.

(5) A proposed agreement modification variations the scope of the agreement or enhances the contract sum by a lot more than the simplified acquisition threshold.

You will find distinct instances through which the receiver or subrecipient may use a noncompetitive procurement approach. The noncompetitive procurement strategy may well only be utilized if among the subsequent circumstances applies:

(ii) The costs are thoroughly supported by authorised Charge allocation strategies in accordance with applicable Federal Charge accounting ideas; and

(a) Just check here about every Condition need to expend and account to the Federal award in accordance with Point out regulations and methods for expending and accounting with the Condition's funds. All receiver and subrecipient economic administration units, which include information documenting compliance with Federal statutes, regulations, as well as terms and conditions of the Federal award, has to be sufficient to permit the preparing of studies needed with the stipulations; and tracking expenses to establish that money have been used in accordance with Federal statutes, restrictions, along with the stipulations of your Federal award. See § 200.450.

A State must use, take care of and dispose of equipment acquired underneath a Federal award in accordance with State legislation and techniques. Indian Tribes should use, control, and dispose of kit acquired beneath a Federal award in accordance with tribal rules and strategies.

(1) The charges may very well be noted over a money or accrual foundation as long as the methodology is disclosed and continuously utilized.