200 cash Fundamentals Explained

(i) The value of donated home needs to be determined in accordance Using the accounting procedures of the recipient or subrecipient with the subsequent skills:

Administrative and clerical personnel salaries must Commonly be addressed as indirect charges. Direct charging of such expenditures may very well be acceptable only whenever they satisfy all of the subsequent ailments:

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Except exactly where in any other case licensed by statute, charges need to satisfy the next criteria to be allowable beneath Federal awards:

(i) An accredited indirect cost level negotiated involving the subrecipient and also the Federal Govt. If no approved price exists, a move-via entity have to figure out the suitable fee in collaboration While using the subrecipient. The oblique Expense fee might be either:

(three) The Federal company must supply a duplicate of the complete textual content of the final conditions and terms if a receiver requests it.

(5) A proposed agreement modification alterations the scope of the agreement or enhances the agreement amount by much more than the simplified acquisition threshold.

(b) In administering Federal awards that are topic to some Federal statute prohibiting discrimination according to sex, the Federal company or move-via entity should make certain that the award is administered in a way that does not unlawfully discriminate based on sexual orientation or gender identity In 200 cash case the statute's prohibition on intercourse discrimination encompasses discrimination depending on sexual orientation and gender identification in step with the Supreme Court docket's reasoning in Bostock

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When a major enhancement which could influence the Federal award happens involving overall performance reporting due dates, the receiver or subrecipient ought to notify the Federal company or go-through entity. Substantial developments include things like situations that enable meeting milestones and goals sooner or at significantly less Value than predicted or that create different helpful final results than initially planned.

(one) The expression “direct financial loan” signifies a disbursement of funds by the Federal Authorities to some non-Federal borrower below a deal that needs the repayment of these money with or without the need of desire. The expression contains the purchase of, or participation in, a mortgage created by Yet another lender and financing arrangements that defer payment for greater than 90 days, such as the sale of a Federal Government asset on credit history terms.

Statutory necessities may limit the allowability of expenses. Any charges that exceed the utmost total authorized by statute might not be billed to the Federal award. Only the quantity allowable by statute might be charged towards the Federal award.

You'll find 3 different types of procurement strategies described in this segment: casual procurement procedures (for micro-buys and simplified acquisitions); official procurement methods (by means of sealed bids or proposals); and noncompetitive procurement procedures.

(8) A payment ought to not be built to a recipient or subrecipient for amounts which the receiver or subrecipient withholds from contractors to guarantee satisfactory completion of work.