(b) The prices are adequately supported by accepted Expense allocation ideas in accordance Using the relevant Expense accounting rules of this element; and
An entity may concurrently receive Federal awards to be a receiver, a subrecipient, plus a contractor. The go-by entity is to blame for earning circumstance-by-circumstance determinations to ascertain if the entity getting Federal resources is usually a subrecipient or possibly a contractor. The Federal company could demand the move-through entity to adjust to supplemental assistance to create these determinations, delivered these kinds of direction isn't going to conflict using this segment. The Federal company doesn't have a immediate authorized relationship with subrecipients or contractors of any tier; nonetheless, the Federal company is liable for monitoring the move-as a result of entity's oversight of to start with-tier subrecipients.
(5) If the receiver or subrecipient is authorized or needed to sell the house, correct gross sales processes must be in place to make sure the very best attainable return.
The Federal company's or go-by entity's rights of obtain aren't restricted to the needed retention period of this portion but last given that the data are retained. Federal companies or move-by means of entities have to not impose every other entry prerequisites on recipients and subrecipients.
usually means the process by which the Federal agency or go-via entity determines that every one relevant administrative actions and all essential perform from the Federal award have already been accomplished and takes actions as described in § 200.344.
(i) Learns that any of that information is erroneous, the Federal agency have to appropriate the data within the technique inside 3 small business times;
(3) The accounting foundation (funds or accrual) chosen for costing each type of depart is constantly accompanied by the receiver or subrecipient or maybe a specified grouping of personnel.
means a Federal loan or loan guarantee gained or administered by a recipient or subrecipient, besides as utilised Within this part's definition of system cash flow.
(2) “Made merchandise” usually means objects and construction resources composed in complete or partly of non-ferrous metals such as aluminum; plastics and polymer-based mostly products which include polyvinyl chloride pipe; aggregates like concrete; glass, together with optical fiber; and lumber.
Subject matter to the necessities and circumstances established forth in this area, title to authentic assets acquired or enhanced beneath the Federal award will vest upon acquisition from the receiver or subrecipient.
(a) Wherever the Federal Govt ensures or insures the repayment of money borrowed with the receiver, the Federal company may possibly demand satisfactory bonding and insurance coverage If your bonding and coverage website prerequisites with the recipient are not considered sufficient to shield the fascination from the Federal Government.
Compensation for workers engaged in work on Federal awards will likely be sensible into the extent that it's consistent with that compensated for related perform in other actions of the recipient or subrecipient. In instances in which the varieties of staff members expected for Federal awards will not be found in another activities in the receiver or subrecipient, payment is going to be considered acceptable to the extent that it's similar to that compensated for similar do the job during the labor current market where the receiver or subrecipient competes for the kind of personnel included.
typically indicates a corporation or entity organized for the goal of earning a earnings. The term incorporates but is not really restricted to:
Formal procurement approaches are essential when the worth of your procurement transaction under a Federal award exceeds the simplified acquisition threshold in the recipient or subrecipient. Formal procurement approaches are aggressive and have to have public see.