Application revenue is deducted from the whole allowable fees, lessening the overall full volume of the Federal award.
(one) The phrase “immediate loan” implies a disbursement of money because of the Federal Government to your non-Federal borrower below a contract that needs the repayment of these kinds of cash with or without having interest. The time period includes the purchase of, or participation in, a loan created by One more lender and funding preparations that defer payment for more than 90 days, including the sale of the Federal Authorities asset on credit rating phrases.
indicates a value goal that has allocated to it equally direct and indirect fees and, while in the recipient's or subrecipient's accumulation system, is amongst the last accumulation factors, like a specific award, interior job, or other immediate exercise of the receiver or subrecipient. See also the definitions of Charge aim
(two) A Actual physical stock with the assets needs to be done, and the outcomes need to be reconciled Along with the house documents no less than after each individual two decades.
(two) PRHP charges calculated employing an actuarial Price tag method identified by GAAP are allowable for a supplied fiscal year Should they be funded for that 12 months within 6 months following the conclude of that calendar year. Expenses funded immediately after 6 months (or simply a afterwards period of time agreed to by the cognizant agency for indirect charges) are allowable from the yr funded. The cognizant agency for indirect costs may well agree to an extension if an proper adjustment is produced to compensate with the timing of the charges towards the Federal Govt and connected Federal reimbursement and also the recipient's or subrecipient's contributions for the PRHP fund.
suggests some time interval from the beginning date of the funded portion of an award to the tip date of that funded part, for the duration of which recipients and subrecipients are licensed to incur fiscal obligations on the cash awarded, which include any cash carried forward or other revisions pursuant to § 200.308.
(b) Unless expressly licensed by Federal statute, the receiver or subrecipient ought to not use provides acquired With all the Federal award to deliver expert services for your cost that is fewer than A personal firm would charge for related solutions.
(b) A efficiency bond on the contractor's portion for one hundred pc of the agreement price. A functionality bond is really a bond executed in connection with a agreement to safe the fulfillment of many of the contractor's necessities less than a contract.
(i) Costs of leaves of absence by employees for effectiveness of graduate get the job done or sabbatical examine, travel, or study are allowable, delivered the IHE provides a uniform prepared policy on sabbatical depart for folks engaged in instruction and persons engaged in investigate. These charges should be allotted equitably between all linked pursuits of the IHE.
(i) The recipient or subrecipient has didn't adjust to the stipulations from the Federal award; or
A price is realistic if it does not exceed an total that a prudent particular person would incur underneath the instances prevailing when the choice was designed to incur the price. In determining the reasonableness of a given cost, consideration have to be offered to the next:
Some nonprofit businesses, because of their sizing and mother nature of functions, is often considered to be check here similar to for-revenue organizations when it comes to the applicability of Price tag concepts. These nonprofit corporations must work under Federal Price tag ideas that use to for-revenue organizations Found at forty eight CFR 31.
A State should use, deal with and dispose of kit acquired beneath a Federal award in accordance with Point out regulations and techniques. Indian Tribes have to use, manage, and dispose of equipment acquired beneath a Federal award in accordance with tribal guidelines and methods.
Intra-IHE consulting by college should be undertaken as an IHE responsibility requiring no compensation Together with IBS. On the other hand, in unusual instances the place consultation is throughout departmental strains or involves a separate or remote Procedure, and the function performed because of the college customers is Together with their common obligations, any fees for these kinds of operate representing further compensation above IBS are allowable presented that these kinds of consulting arrangements are expressly authorized during the Federal award or permitted in producing through the Federal agency.