(i) True severance payments for standard turnover needs to be allocated to all activities; or, where by the receiver or subrecipient supplies for your reserve for regular severances, this kind of technique is suitable When the demand to existing functions is acceptable in light-weight of payments built for ordinary severances in excess of a consultant earlier interval, and when quantities charged are allocated to all actions of the recipient or subrecipient.
(1) The time period “direct loan” means a disbursement of funds via the Federal Govt to the non-Federal borrower less than a deal that requires the repayment of this kind of funds with or devoid of fascination. The term incorporates the acquisition of, or participation in, a loan produced by A different lender and funding arrangements that defer payment for a lot more than ninety times, such as the sale of the Federal Government asset on credit history conditions.
The Federal agency need to use OMB-approved widespread information and facts collections (for example, Investigation Efficiency Progress Studies) when requesting general performance reporting data. The Federal agency or move-through entity might not gather general performance experiences extra regularly than quarterly Until a certain condition has been executed in accordance with § 200.208. To your extent practicable, the Federal company or pass-via entity need to align the thanks dates of functionality stories and fiscal stories. When reporting program overall performance, the receiver or subrecipient have to relate money facts and task or application achievements towards the general performance plans and targets of the Federal award. Also, the recipient or subrecipient will have to supply Charge data to reveal Price tag-helpful procedures (by way of example, as a result of unit Price knowledge) when essential via the terms and conditions with the Federal award.
(two) When no Help Listings Range is assigned, all Federal awards within the same agency designed for a similar intent have to be merged and thought of just one application.
(six) Other awards below which the recipient or subrecipient isn't necessary to account for actual costs incurred.
(b) Unique departments generally demand Federal awards for indirect prices by way of an oblique Price rate. A individual oblique Expense fee proposal for every working Section is normally necessary to declare oblique expenses underneath Federal awards. Indirect fees include:
(h) The Federal company need to make each exertion to accomplish all closeout steps no later than one particular year once the close on the duration of effectiveness. Should the indirect Expense amount has not been finalized and would hold off closeout, the Federal company is approved to mutually concur With all the recipient to shut an award working with The present or most recently negotiated price.
suggests a Federal loan or loan assurance received or administered by a recipient or subrecipient, other than as utilized Within this part's definition of program revenue.
(four) At the end of a set amount award, the recipient or subrecipient ought to certify in composing on the Federal agency or pass-by entity that the job was accomplished as agreed to while in the Federal award, or detect These actions which were not accomplished, and that every one expenditures had been incurred in accordance with § 200.403. If the essential routines were not completed, together with preset quantity awards compensated over a unit value foundation under 200.
(ii) An insurance company or trustee which will maintain a have faith in fund or reserve for the only real intent of providing publish-retirement Positive aspects to retirees and other beneficiaries.
(4) If a receiver or subrecipient establishes or converts to an actuarial Price tag process and resources PRHP expenditures in accordance with this process, the Original unfunded legal responsibility attributable to prior several years here is allowable if amortized in excess of a period of years in accordance with GAAP, or, if no these kinds of GAAP interval exists, in excess of a time period negotiated Using the cognizant company for indirect fees.
The recipient or subrecipient is encouraged to get paid cash flow to defray program expenses when proper. Plan revenue must be utilized for the first purpose of your Federal award. Application cash flow gained through the duration of performance may well only be employed for fees incurred through the period of efficiency or allowable closeout expenses.
(1) The value with the remaining lifetime of the assets recorded during the recipient's or subrecipient's accounting data at some time of donation.
(4) The time period “loan assure determination” implies a binding arrangement by a Federal agency to help make a loan promise when specified ailments are fulfilled because of the borrower, the lender, or almost every other social gathering to the guarantee settlement.