The Federal agency will have to ask for the transfer of data to its custody with the receiver or subrecipient when it decides the information possess long-phrase retention value.
(b) The costs might be allowable When the Federal award was not suspended or expired Usually at the end of the duration of effectiveness wherein the termination takes effect.
(3) Costs incurred in severance pay back offers which have been in excess with the standard severance pay back provided by the recipient or subrecipient to an staff on termination of employment and which are paid to the worker contingent upon a improve in administration Manage more than, or ownership of, the recipient's or subrecipient's belongings, are unallowable.
Besides where usually authorized by statute, prices ought to meet the next criteria to generally be allowable beneath Federal awards:
(6) Payments for allowable fees should not be withheld Anytime in the course of the period of performance Until required by Federal statute, regulations, or in a single of the next scenarios:
(iii) Amounts funded through the receiver or subrecipient in excessive in the actuarially identified total for the fiscal year could be made use of because the recipient's or subrecipient's contribution in upcoming intervals.
(a) Contingency provisions are part of a spending plan estimate of long run charges (normally of huge building projects, IT techniques, or other things authorized via the Federal company) which might be linked to achievable situations or circumstances arising from results in for which the precise result is indeterminable at some time of estimate and that happen to be prone to consequence, in the combination, in added expenses to the accredited activity or undertaking.
(one) Costs to Federal awards for salaries and wages need to be based on data that properly mirror the perform performed. These documents should:
(h) The method useful for analyzing the worth of donated gear, structures, and land for which title passes into the recipient or subrecipient may possibly differ in accordance with the next:
(three) The procurement is anticipated to exceed the simplified acquisition threshold and specifies a “model title” solution;
(4) If a recipient or subrecipient establishes or converts to an actuarial Expense approach and funds PRHP fees in accordance with this process, the Original unfunded liability attributable to prior years is allowable if amortized more than a duration of many years in accordance with GAAP, or, if no these types of GAAP period exists, check here about a time period negotiated Together with the cognizant agency for oblique costs.
(1) A proposal to ascertain a value allocation system or an oblique Price tag fee, no matter whether submitted to the Federal cognizant company for oblique prices or managed on file by the recipient, must be certified from the recipient utilizing the Certification of Price tag Allocation Prepare
frequently suggests an organization or entity structured for the objective of earning a revenue. The expression features but is just not limited to:
(d) The ultimate money report submitted via the receiver have to be because of no later than a hundred and twenty calendar times following the conclusion of your duration of overall performance. A subrecipient ought to submit a last financial report back to a pass-through entity no afterwards than 90 calendar times after the conclusion of the period of overall performance.