(7) A payment withheld for failure to comply with the terms and conditions of your Federal award must be launched to your recipient or subrecipient on subsequent compliance. Every time a Federal award is suspended, payment adjustments needs to be designed in accordance with § two hundred.343.
The next is a list of definitions of vital terms frequently used in two CFR element two hundred. Definitions located in Federal statutes or rules that use to specific courses acquire priority about the next definitions.
Initiate a a single-time extension from the period of overall performance by as many as twelve months Except if one or more from the disorders outlined in paragraphs (g)(2)(i) as a result of (iii) of the area utilize. Prior acceptance is just not essential if a recipient is approved in the conditions and terms of the Federal award to initiate a just one-time extension. Nonetheless, the recipient need to notify the Federal company in writing With all the supporting justification and a revised period of general performance not less than 10 calendar days ahead of the conclusion on the period of performance.
usually means monetary obligations incurred from the recipient or subrecipient although not paid (liquidated) for economical reports prepared over a income basis.
(six) Other awards under which the receiver or subrecipient will not be necessary to account for actual expenses incurred.
usually implies an individual taking part in or attending system routines below a Federal award, including trainings or conferences, but that's not chargeable for implementation of your Federal award. Persons committing exertion to the event or shipping of plan routines underneath a Federal award (for example consultants, task staff, or employees users of a recipient or subrecipient) are usually not members.
Incentive payment to workforce based upon Expense reduction, efficient overall performance, recommendation awards, or security awards is allowable to your extent that the general payment is decided to get fair and these kinds of costs are paid out or accrued In line with an arrangement entered into in superior religion amongst the recipient or subrecipient and the employees ahead of the products and services were rendered, or In line with an established prepare followed by the recipient or subrecipient so continually regarding imply, in outcome, an settlement to make this sort of payment.
the Federal agency is just not required to reimburse these kinds of expenses If your recipient would not receive the Federal award or If your Federal award is under predicted and insufficient to include these kinds of costs).
(six) Pension program costs may be computed using a spend-as-you-go approach or an actuarial Value technique identified by GAAP and pursuing the receiver's or subrecipient's proven published get more info insurance policies.
(four) Setting up supply schedules (as an example, The proportion of an buy to get sent by a presented day of each and every month) that encourage participation by these business enterprise kinds;
(ii) The prices are effectively supported by authorized Price tag allocation options in accordance with applicable Federal Charge accounting concepts; and
(a) Each State need to expend and account for your Federal award in accordance with Condition laws and strategies for expending and accounting for that Point out's money. All recipient and subrecipient fiscal management techniques, like documents documenting compliance with Federal statutes, polices, along with the conditions and terms on the Federal award, needs to be adequate to allow the preparation of experiences essential from the conditions and terms; and monitoring expenditures to ascertain that resources are already Employed in accordance with Federal statutes, rules, as well as conditions and terms in the Federal award. See § two hundred.450.
(iv) Applying agreements meant to guarantee uninterrupted supply of services; applying agreements meant to guarantee Neighborhood Advantages; or
(2) The allowability of those fees for your IHE does not rely upon whether they are recorded during the accounting data from the IHE.