(g) The recipient or subrecipient must not earn or preserve any financial gain resulting from Federal money aid Until explicitly licensed by the conditions and terms on the Federal award.
Expenses incurred or paid by a State or area federal government on behalf of and in direct reward to its IHEs are allowable. These charges contain but are certainly not restricted to fringe gain courses including pension expenses and Federal Insurance plan Contributions Act (FICA) prices.
(1) The recipient or subrecipient should submit general performance reports as needed because of the Federal award. Intervals have to be no significantly less Recurrent than each year nor far more frequent than quarterly besides if unique disorders are used (See § 200.208). Experiences submitted on a yearly basis from the recipient or subrecipient should be due no later on than ninety calendar days after the reporting time period. Reports submitted quarterly or semiannually should be because of no afterwards than 30 calendar days following the reporting interval. Alternatively, the Federal agency or move-by entity may possibly involve once-a-year studies before the anniversary dates of many-calendar year Federal awards.
(d) The receiver or subrecipient need to have published techniques for procurement transactions. These strategies have to make certain that all solicitations:
Payments created for expenses established being unallowable by both the awarding Federal agency, cognizant company for indirect charges, or move-by way of entity has to be refunded with fascination on the Federal Governing administration.
A quick summary in the statutory or regulatory specifications of the program and its meant consequence. Where by correct, the program description, goal, goals, and overall performance measurement really should align With all the strategic aims and objectives throughout the Federal company's performance prepare and should assist the Federal company's general performance measurement, administration, shopper experience initiatives, and reporting as essential by Element 6 of OMB Circular A-eleven;
There won't be any specifications governing the disposition of application cash flow earned following the conclusion in the duration of performance on the Federal award unless stipulated from the Federal company regulations or the stipulations of your Federal award.
(b) A efficiency bond around the contractor's part for one hundred check here pc from the agreement selling price. A performance bond is often a bond executed in connection with a deal to protected the fulfillment of each of the contractor's requirements beneath a contract.
A conference suggests an event whose Principal purpose is always to disseminate technological info outside of the receiver or subrecipient and is important and acceptable for effective effectiveness underneath the Federal award. Allowable meeting charges may possibly involve the rental of facilities, speakers' fees, attendance charges, fees of foods and refreshments, neighborhood transportation, as well as other objects incidental to such conferences Except if even more limited because of the conditions and terms of your Federal award.
Federal companies will have to create conflict of curiosity guidelines for Federal awards. A recipient or subrecipient must disclose in producing any prospective conflict of fascination on the Federal company or go-through entity in accordance Along with the set up Federal company guidelines.
(a) Wherever the Federal Federal government ensures or insures the repayment of money borrowed through the recipient, the Federal company may possibly have to have suitable bonding and insurance if the bonding and insurance requirements on the recipient aren't considered enough to guard the fascination on the Federal Federal government.
indicates an individual procurement transaction for provides or expert services, the combination amount of which doesn't exceed the micro-obtain threshold. Micro-purchases comprise a subset of the receiver's or subrecipient's little purchases utilizing informal procurement strategies as set forth in § 200.320.
(ii) The accrual basis could possibly be only used for anyone varieties of leave for which a liability as defined by GAAP exists once the depart is acquired. Any time a receiver or subrecipient takes advantage of the accrual foundation of accounting, allowable go away prices would be the lesser of the amount accrued or funded.
Immediate expenses are those expenditures that could be identified specifically with a certain closing Expense aim, like a Federal award, or other internally or externally funded exercise, or that could be straight assigned to these types of routines comparatively simply with a significant diploma of accuracy.