(a) This section supplies principles for being applied in establishing the allowability of specific products linked to pinpointing Price, In combination with other specifications of this subpart. These concepts implement if a particular Expense product is appropriately dealt with as being a direct or indirect cost.
The receiver or subrecipient should maintain documents ample to detail the history of every procurement transaction. These data need to include the rationale to the procurement process, agreement form assortment, contractor selection or rejection, and The premise to the agreement selling price.
If authorized by Federal restrictions or perhaps the Federal award, expenditures incidental to producing plan income can be deducted from gross earnings to ascertain plan revenue, furnished these charges haven't been charged to your Federal award.
(1) The worth of donated land and properties have to not exceed its honest market place benefit at some time of donation for the receiver or subrecipient as set up by an independent appraiser (such as, certified genuine house appraiser or Basic Solutions Administration agent) and Qualified by a responsible official on the recipient or subrecipient as expected from the Uniform Relocation Help and Authentic Property Acquisition Insurance policies Act of 1970, as amended, (forty two U.
suggests the method by which the Federal agency or go-by way of entity determines that each one applicable administrative actions and all essential operate of the Federal award have been done and normally takes actions as described in § 200.344.
(i) The worth of donated residence have to be decided in accordance Using the check here accounting insurance policies on the receiver or subrecipient with the following skills:
(2) Charges of communicating with the general public and press about specific routines or achievements which consequence through the efficiency in the Federal award (these expenditures are regarded important as Section of the outreach hard work with the Federal award); or
Any Federal resources paid to your recipient or subrecipient in extra of the amount the recipient or subrecipient is decided to generally be entitled to underneath the Federal award represent a financial debt into the Federal Government.
(a) The benchmarks set forth In this particular aspect impacting the administration of Federal awards by Federal organizations come to be effective at the time carried out by Federal companies or when any potential amendment to this section will become last.
(i) The recipient or subrecipient has didn't adjust to the conditions and terms with the Federal award; or
(b) Conform to any constraints or exclusions established forth in these concepts or within the Federal award regarding forms or amount of Expense objects.
(i) In numerous partial payments. The quantity of Every single payment and also the “milestone” or function triggering the payment, really should be agreed to beforehand and included in the Federal award;
(1) Provisions for the reserve below a self-insurance coverage program for unemployment compensation or staff' compensation are allowable towards the extent which the provisions symbolize reasonable estimates with the liabilities for these kinds of compensation and the types of protection, the extent of protection, and rates and rates would have been allowable experienced insurance policies been bought to go over the dangers.
Administrative and clerical employees salaries must Generally be treated as indirect costs. Direct charging of such expenditures could possibly be ideal only if they fulfill all of the next disorders: