200 loan Fundamentals Explained
200 loan Fundamentals Explained
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(b) The costs are thoroughly supported by accredited cost allocation programs in accordance Along with the relevant Charge accounting principles of the part; and
indicates data that can be applied to distinguish or trace someone's identification, possibly on your own or when combined with other own or identifying info that is definitely connected or linkable to a specific specific. Some PII is accessible in general public resources which include telephone guides, Web-sites, and College listings.
(5) Payments for unfunded PRHP expenditures needs to be billed in accordance Using the allocation ideas of the subpart. Precisely, the recipient or subrecipient may well not cost unfunded PRHP prices straight to a Federal award if Those people unfunded PRHP expenses aren't allocable to that award.
(2) A Actual physical inventory on the house must be conducted, and the effects has to be reconciled Together with the house data a minimum of as soon as each two years.
(2) PRHP expenses calculated employing an actuarial Price method regarded by GAAP are allowable to get a provided fiscal calendar year if they are funded for that calendar year inside of six months after the end of that 12 months. Fees funded immediately after six months (or maybe a afterwards period agreed to with the cognizant company for indirect expenses) are allowable during the year funded. The cognizant company for indirect prices might comply with an extension if an proper adjustment is built to compensate for your timing of the costs towards the Federal Authorities and relevant Federal reimbursement as well as receiver's or subrecipient's contributions for the PRHP fund.
The reasonableness and allocability of particular expenses less than Federal awards could possibly be hard to figure out. In order to avoid subsequent disallowance or dispute according to unreasonableness or nonallocability, the receiver may possibly search for the prior written acceptance on the Federal company (or, for indirect expenses, the cognizant company for oblique charges) before incurring the expense.
signifies the Federal company specified to perform the responsibilities described in § 200.513(a). The cognizant company for audit is not always similar to the cognizant company for indirect charges.
(b) Following the closeout of your here Federal award, a partnership produced under the Federal award might be modified or ended in entire or partially. This could only be done With all the consent on the awarding Federal agency or pass-as a result of entity and the receiver or subrecipient, delivered the tasks with the recipient or subrecipient referred to in paragraph (a) of this section, which includes those for property administration as applicable, are regarded as and provisions are created for continuing duties in the recipient or subrecipient, as appropriate.
The recipient or subrecipient is chargeable for the settlement of all contractual and administrative difficulties arising out of its procurement transactions. These difficulties consist of, but aren't limited to, source evaluation, protests, disputes, and statements. These requirements don't decrease the receiver or subrecipient of any contractual tasks less than its contracts.
(4) Solve audit findings particularly associated with the subaward. Nevertheless, the pass-by entity will not be to blame for resolving cross-reducing audit findings that utilize for the subaward and also other Federal awards or subawards. If a subrecipient includes a present One Audit report and has not been excluded from getting Federal funding (indicating, has not been debarred or suspended), the go-by means of entity may well depend upon the subrecipient's cognizant company for audit or oversight agency for audit to conduct audit stick to-up and make administration selections related to cross-slicing audit findings in accordance with area § two hundred.
(a) Exactly where the Federal Government guarantees or insures the repayment of cash borrowed because of the receiver, the Federal agency may call for ample bonding and insurance plan If your bonding and insurance needs of your recipient are not considered suitable to safeguard the curiosity in the Federal Governing administration.
(B) The invitation for bids should determine the items or services with particular info, which includes any demanded specifications, for your bidder to thoroughly reply;
(file) On the extent in line with recognized methods and legal prerequisites applicable to your receiver or subrecipient, this subpart isn't going to prohibit recipients or subrecipients from developing prepared techniques for procurement transactions that include a scoring mechanism that benefits bidders that decide to certain quantities and kinds of U.S. Work, minimum payment, Advantages, on-the-task-schooling for employees producing get the job done goods or offering products and services on a contract, along with other worker protections.
The receiver or subrecipient may possibly establish a threshold bigger in comparison to the micro-acquire threshold identified while in the Significantly in accordance with the requirements of this section. The recipient or subrecipient may perhaps self-certify a threshold as much as $fifty,000 on an yearly foundation and will have to manage documentation to generally be designed accessible to the Federal agency or pass-as a result of entity and auditors in accordance with § two hundred.