A Simple Key For 200 loan Unveiled
A Simple Key For 200 loan Unveiled
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(ii) The receiver or subrecipient must have prepared procedures for conducting technical evaluations and creating selections.
The receiver's or subrecipient's methods should avoid the acquisition of unwanted or duplicative objects. Consideration should be supplied to consolidating or breaking out procurements to get a more economical order.
(3) Dividing procurement transactions into individual procurements to allow greatest participation by these company sorts;
Other than exactly where or else licensed by statute, expenses ought to meet up with the next conditions to become allowable beneath Federal awards:
(two) The prices of central governmental expert services distributed through the central provider Expense allocation system and never usually treated as direct prices.
A quick summary from the statutory or regulatory requirements of This system and its supposed outcome. Wherever suitable, the program description, intent, objectives, and performance measurement should really align With all the strategic targets and targets within the Federal company's general performance program and will help the Federal company's general performance measurement, administration, shopper experience initiatives, and reporting as necessary by Portion 6 of OMB Round A-11;
(three) The accounting basis (cash or accrual) picked for costing Every single sort of depart is consistently accompanied by the recipient or subrecipient or simply a specified grouping of staff members.
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(ii) The IHE establishes a reliable prepared definition of work coated by IBS, which happens to be particular ample to find out conclusively when function further than that level has happened. This definition can be described in appointment letters or other documentation.
(e) If the receiver or subrecipient accepts a loan or grant, it's certifying that it's going to adjust to the prohibition on included telecommunications gear and expert services Within this area.
(ii) Pension prices calculated making use of an actuarial Charge technique recognized by GAAP are allowable for the specified fiscal year if they are funded for that yr within 6 months once the end of that year. Fees funded following 6 months (or a later on period agreed to by the cognizant agency for indirect fees) are allowable from the calendar year funded. The cognizant company for oblique fees may possibly comply with an extension if an ideal adjustment is designed to compensate for that timing of the costs to the Federal Government and associated Federal reimbursement and also the receiver's or subrecipient's contribution into the pension fund.
post-retirement health and fitness Added benefits) are allowable while in the year of payment presented the recipient or subrecipient follows a reliable costing policy.
(four) Salaries and wages of staff members Utilized in Assembly Expense sharing needs on Federal awards has to be supported in precisely the same method as salaries and wages claimed for reimbursement from Federal awards.
(one) The charges may very well be documented on a money or accrual foundation so long as the methodology is website disclosed and continuously utilized.