(a) Title to intangible property obtained underneath a Federal award vests on acquisition within the receiver or subrecipient. The receiver or subrecipient must use that intangible residence with the at first approved goal and have to not encumber the home without the approval with the Federal agency or pass-by means of entity.
If you have thoughts for the Agency that issued The existing doc make sure you Call the agency immediately.
The Federal agency need to use OMB-accredited typical data collections (one example is, Analysis Performance Progress Reviews) when requesting effectiveness reporting data. The Federal agency or move-through entity might not acquire general performance studies a lot more commonly than quarterly Except a particular affliction is executed in accordance with § two hundred.208. For the extent practicable, the Federal agency or go-via entity should align the owing dates of general performance reviews and fiscal reviews. When reporting system functionality, the receiver or subrecipient should relate economic details and task or software accomplishments towards the general performance plans and aims from the Federal award. Also, the receiver or subrecipient ought to supply Charge information and facts to exhibit Price tag-helpful tactics (as an example, as a result of unit Expense facts) when expected through the stipulations of your Federal award.
(3) Notwithstanding the encouragement in § 200.307 to generate plan income, the recipient or subrecipient should not use tools acquired Along with the Federal award to deliver companies for any payment that's below A non-public organization would demand for related companies Until specially licensed by Federal statute.
definition. A computing machine is usually a offer In case the acquisition Expense is under the lesser in the capitalization stage proven via the receiver or subrecipient for economical statement purposes or $ten,000, regardless of the size of its valuable everyday living. See this section's definitions of computing products
The reasonableness and allocability of particular expenses beneath Federal awards may be difficult to identify. To stay away from subsequent disallowance or dispute determined by unreasonableness or nonallocability, the recipient may look for the prior prepared approval of your Federal agency (or, for indirect expenses, the cognizant company for indirect expenditures) before incurring the expense.
(B) Important adjustments inside the related do the job action (as described via the receiver's or subrecipient's penned policies) are instantly recognized and entered to the information.
usually means a proper announcement of The supply of Federal funding via a economical aid program from a Federal agency. The recognize of funding chance offers information on the award, including who's suitable to apply, the analysis standards for selecting a recipient or subrecipient, the necessary elements of the application, and the way to submit the appliance.
usually means a Federal award for which the start date is contiguous with, or closely follows, the top of the expiring Federal award. The beginning date of a renewal award commences a fresh and distinctive period of efficiency.
The next are not regarded as system cash flow unless laid out in Federal statutes, polices, or maybe the stipulations from the Federal award:
(ii) Pension charges calculated using an actuarial cost strategy regarded by GAAP are allowable to get a presented fiscal 12 months If they're funded for that year inside of 6 months following the close of that year. Expenses funded after six months (or even a later on period of time agreed to because of the cognizant agency for indirect charges) are 200 loan allowable during the calendar year funded. The cognizant company for oblique prices may well comply with an extension if an ideal adjustment is built to compensate with the timing of the fees on the Federal Authorities and associated Federal reimbursement as well as the recipient's or subrecipient's contribution to the pension fund.
The costs incurred by a recipient or subrecipient to Recuperate incorrect payments, which includes improper overpayments, are allowable as possibly direct or indirect expenses, as proper.
(a) All procurement transactions underneath the Federal award needs to be performed inside a fashion that gives total and open competition and is particularly per the standards of the segment and § two hundred.320.
When serious house is now not necessary with the originally approved intent, the recipient or subrecipient have to obtain disposition Guidelines within the Federal agency or pass-by way of entity. The instructions need to specify considered one of the following disposition approaches: