200 loan No Further a Mystery
200 loan No Further a Mystery
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A subaward is for the objective of finishing up a portion of the Federal award and results in a Federal financial guidance partnership which has a subrecipient. Begin to see the definition of Subaward
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indicates a value aim which has allotted to it both direct and indirect charges and, during the receiver's or subrecipient's accumulation system, is without doubt one of the last accumulation details, such as a selected award, inside challenge, or other immediate action of the receiver or subrecipient. See also the definitions of Price aim
(1) The recipient or subrecipient might request which the Federal agency or pass-by entity assessment its procurement procedure to determine whether or not it satisfies these expectations for its program to become Licensed.
(a) Recipients and subrecipients are prohibited from obligating or expending loan or grant cash to:
That part of auto charges furnished with the receiver or subrecipient that relates to non-public use by personnel (which includes transportation to and from do the job) is unallowable being a fringe benefit or indirect expenditures regardless of whether the expense is reported as taxable earnings to the staff.
usually means the Federal agency selected to carry out the duties explained in § 200.513(a). The cognizant agency for audit is just not necessarily the same as the cognizant company for indirect fees.
usually means PII (see definition In this particular portion), except for PII that has to be disclosed by legislation. Examples of PII include things like, but aren't limited to, social protection quantity; copyright amount; bank card figures; clearances, lender quantities; biometrics; day and put of birth; mom's maiden identify; criminal, professional medical and monetary records; and educational transcripts.
(6) Pension plan costs might be computed employing a pay back-as-you-go process or an actuarial Price tag strategy click here identified by GAAP and pursuing the recipient's or subrecipient's established prepared insurance policies.
indicates the documentation organized by a recipient to substantiate its ask for to ascertain an oblique Charge price as explained in appendices III by way of VII and appendix IX to this component.
(four) If a recipient or subrecipient establishes or converts to an actuarial Charge method and funds PRHP expenditures in accordance with this technique, the Original unfunded liability attributable to prior several years is allowable if amortized around a duration of yrs in accordance with GAAP, or, if no this kind of GAAP period exists, more than a time period negotiated Together with the cognizant company for indirect charges.
signifies the auditor's most effective estimate of complete questioned prices, not simply the identified questioned costs. Probable questioned expenses are produced by extrapolating from audit proof acquired, such as, by projecting acknowledged questioned costs determined within an audit sample to the entire populace from which the sample was drawn.
The Federal agency may possibly only use software information and facts collections authorized by OMB under the Paperwork Reduction Act of 1995 and OMB's implementing rules in 5 CFR portion 1320 and in alignment with OMB-accredited, authorities-huge facts things readily available with the OMB-specified specifications lead.
Official procurement techniques are needed when the value from the procurement transaction below a Federal award exceeds the simplified acquisition threshold of the receiver or subrecipient. Official procurement solutions are aggressive and demand community see.