(seven) A payment withheld for failure to adjust to the stipulations from the Federal award has to be launched towards the recipient or subrecipient on subsequent compliance. When a Federal award is suspended, payment adjustments needs to be manufactured in accordance with § 200.343.
Except if prohibited by Federal statute, the Federal agency ought to layout and execute a advantage critique means of applications for discretionary Federal awards. The objective of a advantage overview system is to pick out recipients most certainly to achieve success in providing success based on This system aims as outlined in part § 200.202. A benefit review is surely an goal technique of evaluating Federal award apps in accordance With all the prepared criteria in the Federal agency.
(file) The information for indirect Price tag fee computations or proposals, Charge allocation strategies, and any comparable accounting computations of the speed at which a selected team of expenditures is chargeable (such as computer utilization chargeback costs or composite fringe reward prices) need to be retained according to the relevant choice below:
(1) With very clear aims and goals that give meaningful outcomes and be in keeping with the Federal authorizing laws of the program;
(d) The Federal company or pass-through entity ought to not delay payments towards the receiver or subrecipient for expenses Conference the necessities of subpart E of this portion.
(i) The value of donated residence should be determined in accordance While using the accounting guidelines of the receiver or subrecipient with the following skills:
indicates the Federal company specified to carry out the obligations described in § 200.513(a). The cognizant agency for audit is not really always the same as the cognizant agency for oblique prices.
means a proper announcement of the availability of Federal funding via a money guidance plan from a Federal agency. The observe of funding possibility provides information on the award, which include who is suitable click here to apply, the evaluation criteria for choosing a recipient or subrecipient, the expected elements of the software, and how to submit the application.
It is a procurement process employed when circumstances will not be suitable for making use of sealed bids. This procurement process may perhaps lead to either a set-rate or Charge-reimbursement agreement. They're awarded in accordance with the subsequent requirements:
(ii) Wherever sabbatical go away is A part of fringe Positive aspects for which a price is set for assessment as being a direct cost, the mixture volume of this sort of assessments relevant to all do the job with the institution throughout the foundation interval must be acceptable in relation for the IHE's precise practical experience less than its sabbatical leave coverage.
The applicant's file of controlling past and present Federal awards, which include compliance with reporting specifications and conformance to your conditions and terms of Federal awards, if relevant;
The prior approval prerequisites with the steps described in paragraph (g) of this area are mechanically waived for Federal awards that guidance study Except stipulated from the Federal company's polices or terms and conditions in the Federal award.
The recipient and subrecipient must use these ideas in pinpointing allowable fees beneath Federal awards. The receiver and subrecipient ought to also use these rules like a information in pricing fixed-price tag contracts and subcontracts when prices are Utilized in figuring out the appropriate value. These Expense ideas never utilize to:
(b) For costs covering a upcoming fiscal year in the recipient or subrecipient, the unallowable expenses has to be faraway from the indirect Charge swimming pools as well as fees need to be altered.