The Federal company ought to request the transfer of records to its custody from the recipient or subrecipient when it decides that the data possess long-phrase retention value.
For nonprofit companies, the costs of actions carried out because of the nonprofit Business primarily as being a service to customers, shoppers, or most of the people when considerable and required to the Corporation's mission have to be dealt with as direct prices if allowable, and become allotted an equitable share of oblique prices. Some samples of these kinds of actions include things like:
(four) When attaining replacement equipment, the receiver or subrecipient might either trade-in or market the equipment and utilize the proceeds to offset the cost of the replacement tools.
implies a payment that a Federal agency or pass-as a result of entity tends to make by any appropriate payment system and payment process prior to the recipient or subrecipient disburses the resources for method applications.
implies the procedure by which the Federal agency or move-by way of entity determines that every one relevant administrative steps and all demanded do the job of the Federal award have already been completed and can take actions as described in § 200.344.
indicates time interval from the start day of the funded percentage of an award to the tip date of that funded portion, in the course of which recipients and subrecipients are approved to incur fiscal obligations with the cash awarded, which include any cash carried forward or other revisions pursuant to § 200.308.
if it doesn't generate a Federal award to an applicant since it determines that the applicant would not meet up with the minimum qualification specifications as described in § two hundred.206(a)(2). The Federal company will have to report that willpower provided that all of the next apply:
(e) Any particular ailments need to be immediately taken off once the conditions that prompted them are actually content.
implies a bunch of Federal awards either awarded underneath a selected program or team of applications or to a certain type of recipient or group of recipients to which certain provisions or exceptions could apply.
(four) Solve audit conclusions precisely connected to the subaward. On the other hand, the move-via entity is not really responsible for resolving cross-chopping audit results that apply for the subaward as well as other Federal awards or subawards. If a subrecipient has a present-day Solitary Audit report and it has not been excluded from getting Federal funding (this means, has not been debarred or suspended), the go-by way of entity could rely on the subrecipient's cognizant agency for audit or oversight agency for audit to perform audit observe-up and make management selections relevant to cross-chopping audit findings in accordance with part § 200.
(one) Severance shell out, also typically called dismissal wages, is often a payment Besides check here normal salaries and wages, by recipients and subrecipients to workers whose work is becoming terminated. Severance pay out is allowable only on the extent that, in Each and every circumstance, it is required by:
usually means an individual procurement transaction for supplies or expert services, the combination amount of which does not exceed the micro-buy threshold. Micro-buys comprise a subset of a recipient's or subrecipient's modest buys working with informal procurement solutions as established forth in § two hundred.320.
Pension program expenses incurred in accordance Using the established penned procedures from the receiver or subrecipient are allowable, furnished that:
(two) The allowability of such prices for your IHE would not depend on whether they are recorded during the accounting data on the IHE.